Search Results - subject:"New open economy macroeconomics"

How hard can it be? : inflation control around the world

Thórarinn G. Pétursson (contributor) - 2008

Persistent link: https://www.econbiz.de/10003746757

A quantitative perspective on optimal monetary policy cooperation between the US and the euro area

Adjemian, Stéphane (contributor); … - 2008

) model for the United States (US) and the euro area (EA). The main features of the new open economy macroeconomics (NOEM) are … area (EA). The main features of the new open economy macroeconomics (NOEM) are embodied in our framework: in particular …. Keywords: DSGE models, Optimal monetary policy, New open economy macroeconomics, Bayesian estimation. JEL classification: E4, E …

Persistent link: https://www.econbiz.de/10003750046

Optimal monetary policy and the transmission of oil-supply shocks to the euro area under rational expectations

Adjemian, Stéphane; Darracq Pariès, Matthieu - 2008

open economy macroeconomics, Bayesian estimation. JEL Classification: E4, E5, F4. 5 ECB Working Paper Series No 962 … credibility configurations remain challenging fields for further research. Keywords: Oil prices, Optimal monetary policy, New …

Persistent link: https://www.econbiz.de/10003803330

An estimated two-country DSGE model of Austria and the Euro Area

Breuss, Fritz; Rabitsch, Katrin - 2008

Persistent link: https://www.econbiz.de/10003733661

The International Transmission of Monetary Policy in a Dollar Pricing Model

Tervala, Juha - 2008

This paper analyses the international transmission of monetary policy in a case where all export prices are set in US dollars. 'Dollar pricing' implies that the international effects of US monetary shocks are different to those of European shocks because of asymmetric exchange rate pass-through...

Persistent link: https://www.econbiz.de/10012726261

A Quantitative Perspective on Optimal Monetary Policy Cooperation between the US and the Euro Area

Adjemian, Stephane - 2008

) model for the United States (US) and the euro area (EA). The main features of the new open economy macro-economics (NOEM …

Persistent link: https://www.econbiz.de/10012772411

Real Exchange Rates in the Long and Short Run : A Panel Co-Integration Approach

Calderón, César A. - 2008

The main goal of this paper is to tackle the empirical issues of the real exchange rate literature by applying recently developed panel cointegration techniques to a structural long-run real exchange rate equation. Using annual data for 67 countries over 1966-97, we find evidence of...

Persistent link: https://www.econbiz.de/10012770610

Research on the choice of RMB exchange rate regime ¨DAnalysis based on the welfare

Bin, YAO - In: Frontiers of Economics in China 3 (2008) 3, pp. 356-379

of ¡°new open economy macroeconomics¡± to the qualitative and quantitative researches on the choice of RMB exchange rate …

Persistent link: https://www.econbiz.de/10010934373

Monetary policy and housing prices in an estimated DSGE for the US and the euro area

Darracq Pariès, Matthieu; Notarpietro, Alessandro - European Central Bank - 2008

We estimate a two-country Dynamic Stochastic General Equilibrium model for the US and the euro area including relevant housing market features and examine the monetary policy implications of housing-related disturbances. In particular, we derive the optimal monetary policy cooperation consistent...

Persistent link: https://www.econbiz.de/10005344916

International Macroeconomic Fluctuations: A New Open Economy Macroeconomics Interpretation

Kim, Soyoung; Lee, Jaewoo - Hong Kong Institute for Monetary Research (HKIMR), … - 2008

This paper investigates international macroeconomic fluctuations in light of NOEM (New Open Economy Macroeconomics …

Persistent link: https://www.econbiz.de/10005357461