Pareto Weights as Wedges in Two-Country Models
NBER Working Paper No. 21773
---- Acknowledgments ----
Prepared for the Fed St. Louis-JEDC-SCG-SNB-UniBern Conference, Gerzensee, October 2015. We thank Jarda Borovicka, Riccardo Colacito, and John Stachurski for helpful advice. We also thank the conference participants, including especially Giancarlo Corsetti, Robert Kollmann, Ayhan Kose, and Ravi Ravikumar. James Bullard suggested the analogy with wedges. We will post the code shortly at https://github.com/NYUEcon/BCFL2016. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.