Trade liberalization, wage inequality, and monetary policy
构建了一个包含企业异质性和价格刚性的两国两部门两要素动态模型，分析贸易自由化的短期和长期影响及其与货币政策的相互作用，发现价格刚性会减缓资源重新配置并可能导致部分工人实际工资暂时下降。
We build a dynamic model of two countries, two sectors and two factors with firm heterogeneity and price rigidity to analyze the short-run and long-run consequences of trade liberalization and its interaction with monetary policy. We find that price rigidity slows down the reallocation process and might imply temporary falls in real wages for some workers. The stance of monetary policy also has a big impact on real wages and real GDP.