scholarly journals Monetary Policy in an Estimated Open-Economy Model with Imperfect Pass-Through

2004 ◽  
Author(s):  
Jesper Lindé ◽  
Ulf Söderström ◽  
Marianne Nessén
Keyword(s):  
Monetary Policy ◽  
Open Economy ◽  
Economy Model ◽  
Pass Through

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

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

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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