scholarly journals A general equilibrium open economy model for emerging markets: Monetary policy with a dualistic labor market

2011 ◽  
Vol 28 (3) ◽  
pp. 1392-1404 ◽  
Author(s):  
Ashima Goyal
Keyword(s):  
Monetary Policy ◽  
Labor Market ◽  
Emerging Markets ◽  
General Equilibrium ◽  
Open Economy ◽  
Economy Model

Capital Mobility, Consumption Substitutability and the Effects of Monetary Policy in Open Economies

2005 ◽  
Vol 6 (1) ◽  
pp. 79-94 ◽  
Author(s):  
Christian Pierdzioch
Keyword(s):  
Monetary Policy ◽  
General Equilibrium ◽  
Open Economy ◽  
Capital Mobility ◽  
International Capital ◽  
International Capital Mobility ◽  
Short Run ◽  
Cross Country ◽  
Optimizing Model ◽  
The Impact

Abstract I use a dynamic general equilibrium two-country optimizing model to analyze the implications of international capital mobility for the short-run effects of monetary policy in an open economy. The model implies that the substitutability of goods produced in different countries plays a central role for the impact of changes in the degree of international capital mobility on the effects of monetary policy. Paralleling the results of the traditional Mundell-Fleming model, a higher degree of international capital mobility magnifies the short-run output effects of monetary policy only if the Marshall-Lerner condition, which is linked to the cross-country substitutability of goods, holds.

scholarly journals Szoki polityki fiskalnej i monetarnej jako przedmiot badań makroekonomii gospodarki otwartej

2015 ◽  
pp. 93-116
Author(s):  
Agnieszka Domańska
Keyword(s):  
Monetary Policy ◽  
General Equilibrium ◽  
Open Economy ◽  
Research Method ◽  
Stochastic Dynamic ◽  
Monetary Policy Shocks ◽  
Modern Approach ◽  
Policy Shocks ◽  
The Subject ◽  
Fiscal And Monetary Policy

The aim of this study is to present selected aspects of fiscal and monetary policy shocks as the subject of studies of open economy macroeconomics. The study concentrates on the development of the model presentation (evolution of the research method) in description of fiscal and monetary policy shocks, with a focus on the modern quantitative approach. At present the modern approach to the research on fiscal and monetary policy shocks is based on advanced methods of data analyzing, such as autoregressive models (VAR), or stochastic dynamic general equilibrium models (DSGE)

scholarly journals CAUTION OR ACTIVISM? MONETARY POLICY STRATEGIES IN AN OPEN ECONOMY

2007 ◽  
Vol 11 (4) ◽  
pp. 519-541 ◽  
Author(s):  
MARTIN ELLISON ◽  
LUCIO SARNO ◽  
JOUKO VILMUNEN
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
Real Exchange Rate ◽  
Open Economy ◽  
Optimal Policy ◽  
Central Banks ◽  
Economy Model ◽  
The Real ◽  
Policy Strategies

We examine optimal policy in an open-economy model with uncertainty and learning, where monetary policy actions affect the economy through the real exchange rate channel. Our results show that the degree of caution or activism in optimal policy depends on whether central banks are in coordinated or uncoordinated equilibrium. If central banks coordinate their policy actions then activism is optimal. In contrast, if there is no coordination, caution prevails. In the latter case caution is optimal because it helps central banks to avoid exposing themselves to manipulative actions by other central banks.

scholarly journals Monetary policy and uncertainty in an empirical small open‐economy model

2010 ◽  
Vol 25 (1) ◽  
pp. 93-128 ◽  
Author(s):  
Alejandro Justiniano ◽  
Bruce Preston
Keyword(s):  
Monetary Policy ◽  
Open Economy ◽  
Small Open Economy ◽  
Economy Model

scholarly journals Monetary policy in an estimated open-economy model with imperfect pass-through

2009 ◽  
Vol 14 (4) ◽  
pp. 301-333 ◽  
Author(s):  
Jesper Lindé ◽  
Marianne Nessén ◽  
Ulf Söderström
Keyword(s):  
Monetary Policy ◽  
Open Economy ◽  
Economy Model ◽  
Pass Through

Monetary policy and financial frictions in a small open-economy model for Uganda

2019 ◽  
Vol 59 (3) ◽  
pp. 1213-1241
Author(s):  
Francis Leni Anguyo ◽  
Rangan Gupta ◽  
Kevin Kotzé
Keyword(s):  
Monetary Policy ◽  
Open Economy ◽  
Financial Frictions ◽  
Small Open Economy ◽  
Economy Model
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