An optimizing model of a small open emerging market economy (SOEME) with dualistic
labour markets and two types of consumers, delivers a tractable model for monetary policy.
Differences between the SOEME and the SOE are ...
An optimizing model of a small open emerging market economy (SOEME) with
dualistic labour markets and two types of consumers, is used to derive the natural
interest rate, terms of trade and potential output. Shocks are ...