Financial Choice in a Non-Ricardian Model of Trade
---- Acknowledgements -----
The authors thank Paul Bergin, Galina Hale, Bart Hobijn, and especially Martin Bodenstein for helpful discussions. Hirotaka Miura provided excellent research assistance. In addition, we are grateful to the participants at the 2009 APEA Meetings held in Santa Cruz (CA), IMF Institute, the Board of Governors of the Federal Reserve, and the University of Washington. The views expressed herein are those of the authors and do not necessarily reflect those of the Federal Reserve Bank of San Francisco, the Federal Reserve System, or the National Bureau of Economic Research.