New York Fed: 'The International RBC Model Finally Works'
July 15, 2026
July 15, 2026
NEW YORK, July 15 (TNSLrpt) -- The Federal Reserve Bank of New York issued the following staff report (No. 1197) in July 2026 by Sushant Acharya, Edouard Challe, and Louphou Coulibaly entitled "The International RBC Model Finally Works."
Here are excerpts:
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We show that incorporating uninsurable countercyclical income risk into a standard international RBC model can qualitatively and quantitatively account for the quantity puzzles in open-eco . . .
Here are excerpts:
* * *
We show that incorporating uninsurable countercyclical income risk into a standard international RBC model can qualitatively and quantitatively account for the quantity puzzles in open-eco . . .