Open economies
Commodity prices and labour market dynamics in small open economies
... The economies in our panel vector autoregression (PVAR) analysis include Australia, Canada, New Zealand and Norway, all of which are net commodity exporters, and importantly given the focus on labour markets, ...
60
Interest rate rules and welfare in open economies
... recent open economy macroeconomics literature (see for instance Benigno and Benigno (2003), Clarida, Gali and Gertler (2002), Gali and Monacelli (2005), Kirsanova, Leith and Wren-Lewis ...of open economy ...
47
Capital inflows, crisis and recovery in small open economies
... small open economies operating under different exchange rate regimesby carefully discussing the policy implications in the light of our empirical ...
27
News-driven business cycles in small open economies
... in open economies using sign restrictions are Fratzscher and Straub (2013) and Corsetti et ...small open economies, including the four in our ...
36
Strategic Voting for Noncooperative Environmental Policies in Open Economies
... Environmental policies, as well as all other policy decisions, are products of political processes. If voters consider strategic interdependencies among governments in international trade-environment arguments, they may ...
24
Labor Matching Behavior in Open Economies and Trade Adjustment
... Every country is populated by individuals that differ in their abilities and skills. One challenge for labor markets is to organize diverse workers into effective production teams, while the potential for wage bargaining ...
30
Equity Returns and Business Cycles in Small Open Economies
... Our research is also related to the literature on world interest rate and government ex- penditure shocks. As Mendoza (1991), Neumeyer and Perri (2005), and Uribe and Yue (2006) show, shocks to world interest rates are ...
37
Investment Activity in Small Open Economies
... small open economies are perceived in need of monitoring the international transfers of capital and interest rates on the world financial ...small open econo- mies and that determines their specific ...
14
The Ukrainian case of fiscal devaluation in small open economies
... small open economies are that the fiscal devaluation is unlikely to have any stimulating effect on domestic output or foreign ...small open economy countries, including many developing countries, ...
34
Welfare and macroeconomic policy in small open economies
... of open economies by either making the structure of asset markets irrelevant (assumption (a)) or by imposing an extreme case in which there is perfect risk sharing across borders (assumption ...of ...
203
News-driven business cycles in small open economies
... in open economies is well advanced, the empirical literature on in the transmission mechanism of news shocks in open economies, to which our paper is a contribution, is ...small open ...
13
Price Stability In Small Open Economies
... Price stability is no longer optimal under LCP. Instead, central banks should fix the exchange rate. Why is a fixed exchange rate optimal under LCP? As we discussed in the introduction, LCP insulates household ...
40
Innovation Capacities in Advanced Economies: Relative Performance of Small Open Economies
... of economies to produce and/or commercialize innovative technologies, in the spirit of Furman, Porter and Stern, ...between economies with different economic structures we examine the Small Open ...
24
Commodity prices and labour market dynamics in small open economies
... small open economy with exports in commodities and search and matching frictions in the labour market can match the impulse responses from a panel vector autoregression to an identified commodity price ...the ...
16
Sensible tax policies in open economies
... small open economy should not impose differential taxes on firms based on their location or the product they ...small open economies cannot be improved on through cooperation among ...
39
Capital inflows, crisis and recovery in small open economies
... particular suggest that overvaluations are associated with increased persistent imbalances as compared to undervaluations. Gosse and Serranito (2014) investigate the effect of the real exchange rate on the current ...
27
Time Series Analysis of Macroeconomic Conditions in Open Economies
... First, in the short run it has a negative relationship with the speed of inflation experienced in the previous period, a positive relationship with the rate of change in the return on do[r] ...
138
Trade liberalisation in small open economies : the case of Kenya
... CHAPTER TOO KENYA'S TRADE POLICY REGIME SINCE 1964 2.0 Introduction 2.10 Kenya's Trade Policies 2.11 Post-Independence Policies 2.12 Tariffs 2.13 Quantitative Restrictions 2.20 The Kenya[r] ...
299
Essays on Fiscal Policy Issues in Small Open Economies.
... permanently eliminate the fuel subsidy so that in the new equilibrium, τ S = 0, which means households and intermediate goods firms buy fuel from the government at a world oil price. Thi[r] ...
125
On the theory of inflation in open economies
... Our approach is to set aside goods-market equilibrium conditions and the question of the appropriate definition of private disposable income, instead bringing to the fore the interaction[r] ...
163