open economy
Monetary Policy and Welfare in a Small Open Economy
... The relative weights speci…ed in equations (46) and (48) are analogous to those in the closed economy and the policy target coincides with the ‡exible price allocation. The assumption of = 1=(1 ) guarantees that ...
52
Fiscal Shocks in a Two-Sector Open Economy
... closed economy models and to one-sector ...an open economy version of the two-sector neoclassical model account for the time-series evidence on fiscal policy transmission ...
36
Three Essays on Financial Intermediation in the Open Economy
... version of this model cannot replicate this characteristic of international financial markets – a weakness shared by many other two-country models with endogenous portfolio choice. The reason is that risk averse agents ...
136
Three essays on open economy macroeconomics
... Literature: This paper is related to two strands of the literature. On the one hand, it relates to a number of papers investigating the implications of sovereign spreads for economic stability. Schabert and van ...
204
Credit Crunch in a Small Open Economy
... an open-economy DSGE model with a banking sector to analyse the impact of the recent credit crunch on a small open ...Polish economy during the 2008/09 crisis, lowering GDP by a little over ...
46
Corporate Taxation in the Open Economy without Pareto
... an economy whose productivities follow a log-normal distribution as suggested by the ...closed economy, the welfare losses increase with the degree of asymmetry across the sectors, with one of the numerical ...
71
Credit Crunch in a Small Open Economy
... Our model is written in the spirit of Iacoviello (2005) and Gerali et al. (2009). Apart from financial sector issues it has the standard features of new Keynesian models (e.g. Erceg et al., 2000, Smets and Wouters, 2003) ...
52
Fiscal Multipliers and the Labour Market in the Open Economy
... The purpose of this paper is threefold. First, we aim at reconsidering measures of the …scal multiplier in a model with equilibrium unemployment along the extensive margin and with labour market frictions in the form of ...
41
Equilibrium in a Non Interest Open Economy
... the economy. An open-economy model is presented in order to analyze the effects of trade in goods and assets on the macroeconomic equilibrium of the ...Islamic economy are those which ...
22
Equity Premiums In a Small Open Economy
... small open economy case. Our ndings indicate that in a small open economy environment this kind of model fails to account for a substantial equity ...
41
Corporate Taxation in the Open Economy without Pareto
... the open economy case, the policy recommendation under Pareto is to keep taxes unchanged when switching from autarky to ...closed economy, for the lognormal assumption, and compute the open ...
81
Ch32_A Macroeconomic Theory of the Open Economy - Copy
... In an open economy, the real interest rate adjusts to balance the supply of loanable funds (saving) with the demand for loanable funds (domestic investment and net capital outflow).[r] ...
45
A Small Open Economy DSGE Model for Pakistan
... small open economy Dynamic Stochastic General Equilibrium (DSGE) model for Pakistan using Bayesian simulation ...small open economy DSGE model provides a realistic behavior about the structure ...
48
"Growth in an open economy: some recent developments"
... small open economy the (fixed) marginal physical product of capital is replaced by the (given) foreign interest ...small open economy with elastically supplied labor, the growth rate of output ...
74
Lower bounds of concentration in a small open economy
... the open economy context by adjusting concentration ratios for exports and imports or by explaining domestic concentration by export and import ...an open economy ...
24
Extortion and Informal Sector in a Small Open Economy
... We have a small open economy with competitive markets for production as well as for extortions related intermediation or corruption. Competitive corruption market implies that the lost output due to ...
23
Relative productivity and search unemployment in an open economy
... two-sector open economy model with search frictions to disentangle the implications of workers’ mobility costs and labor market institutions following higher relative productivity of ...two-sector ...
130
Financial Liberalization in a Small Open Economy
... small open economy with the infinite time horizon, there are two types of domestic private agents: households and en- ...domestic economy can be measured by the fraction of the entrepreneurs’ land ...
33
Exploring the Determinacy Dynamics in an Open Economy
... Reverting, after this useful digression, to our own line if inquiry, we notice that only at the higher end of our value spectrum, the precept of the Taylor Principle, stressing a robust nominal rate response, holds ...
16
Home Bias in Open Economy Financial Macroeconomics
... the open economy with endogenous portfolio choice, as large cross border holdings of assets (see Gourinchas and Rey (2007a)) are likely to affect the channels of transmission of monetary and fiscal ...
64