Is Optimal Capital-Control Policy Countercyclical In Open-Economy Models With Collateral Constraints?,
by Stephanie Schmitt-Grohe and Martin Uribe,
IMF Economic Review 65, August 2017, 498-527.

Paper

Slides

Replication Files: sgu_endowment_shocks.zip (endowment-shock economy), and sgu_rshocks.zip (interest-rate-shock economy).