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Partial open economy #451

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merged 34 commits into from Apr 12, 2019

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commented Apr 1, 2019

This PR implements a partial open economy version of OG-USA. In this version, foreign investors purchase a fraction of newly issued government debt and invest in private capital.

@jdebacker jdebacker changed the title [WIP] Partial open Partial open Apr 7, 2019

@jdebacker jdebacker changed the title Partial open Partial open economy Apr 7, 2019

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commented Apr 7, 2019

All test pass locally. This PR is ready for review @rickecon.

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commented Apr 8, 2019

In running some reforms, noticing that the resource constraint is not clearing with an open economy (partial or small open) when there is a government interest rate wedge. I think that means the wrong interest rate is being passed to an aggregates equation. Will look into this (theory is laid out in the OG-USA doc updates in this PR).

@jdebacker jdebacker merged commit 39f1ca7 into PSLmodels:master Apr 12, 2019

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@jdebacker jdebacker deleted the jdebacker:partial_open branch Apr 12, 2019

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