Search Results - subject:"New Keynesian open-economy model"

Fiscal policy and the twin deficits : structural changes matter

Kim, Wongi - In: Macroeconomic dynamics 28 (2024) 3, pp. 517-545

Persistent link: https://www.econbiz.de/10014519878

The macroeconomic effects of trade tariffs: Revisiting the Lerner symmetry result

Lindé, Jesper; Pescatori, Andrea - 2019

We study the robustness of the Lerner symmetry result in an open economy New Keynesian model with price rigidities. While the Lerner symmetry result, i.e. the absence of allocative and trade-flow effects of an equally-sized change in import tariff and export subsidy, holds up approximately for a...

Persistent link: https://www.econbiz.de/10012182825

The macroeconomic effects of trade tariffs : revisiting the Lerner symmetry result

Lindé, Jesper; Pescatori, Andrea - 2019

Persistent link: https://www.econbiz.de/10011981211

The macroeconomic effects of trade tariffs : revisiting the Lerner symmetry result

Lindé, Jesper; Pescatori, Andrea - In: Journal of international money and finance 95 (2019), pp. 52-69

Persistent link: https://www.econbiz.de/10012135201

Putting up a good fight: The Galí-Monacelli model versus "The six major puzzles in international macroeconomics"

Ried, Stefan - 2009

In this paper, the following question is posed: Can the New Keynesian Open Economy Model by Galí and Monacelli 2005b …

Persistent link: https://www.econbiz.de/10010270669

Putting Up a Good Fight: The Galí-Monacelli Model versus “The Six Major Puzzles in International Macroeconomics”

Ried, Stefan - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2009

In this paper, the following question is posed: Can the New Keynesian Open Economy Model by Galí and Monacelli (2005b … Keynesian Open Economy Model by Galí and Monacelli (2005b) explain “Six Ma- jor Puzzles in International Macroeconomics”, as …”∗ Stefan Ried Humboldt-Universität zu Berlin April 9, 2009 Abstract In this paper, the following question is posed: Can the New …

Persistent link: https://www.econbiz.de/10005652769

Why are the Effects of Recent Oil Price Shocks so Small?

Schmidt, Torsten; Zimmermann, Tobias - 2007

structural changes which are responsible for these results we utilize a new Keynesian open economy model. It becomes obvious that …

Persistent link: https://www.econbiz.de/10010264701

A Microfounded Sectoral Model for Open Economies

Fornero, Jorge; Michalak, Tomasz; Plasmans, Joseph - CESifo - 2007

In this paper we derive a microfounded macro New Keynesian model for open economies, be them large or small. We consider habit formation in consumption, sectoral linkages for tradable and non-tradable goods, capital stock investments with variable capital utilization, domestic and foreign...

Persistent link: https://www.econbiz.de/10005406036

Why are the Effects of Recent Oil Price Shocks so Small?

Schmidt, Torsten; Zimmermann, Tobias - Rheinisch-Westfälisches Institut für … - 2007

structural changes which are responsible for these results we utilize a new Keynesian open economy model. It becomes obvious that …

Persistent link: https://www.econbiz.de/10005738721

A Microfounded Sectoral Model for Open Economies

Plasmans, J.E.J.; Fornero, J.; Michalak, T. - Tilburg University, Center for Economic Research - 2007

Numerical simulations of the two-country sectoral model are provided for a relatively large number of structural shocks as domestic and foreign productivity shocks in final tradables and non-tradables, money demand shocks and a shock in the exchange rate. Such a model is well suited for monetary...

Persistent link: https://www.econbiz.de/10011091596