existence, the size of the vehicle currency economy, and the monetary policy followed by the vehicle currency's government. We …

The effects of oil shocks on output volatility through international transport costs are investigated in an open-economy ….S. economy by a Bayesian approach for moving windows of ten years. For model selection, the posterior odds ratios of the two …

in Mexico is a loss for the entire border economy, where so much of our growth is linked to expansion on the more …

more a function of "global," rather than domestic, economic conditions, as postulated by closed-economy Phillips curves … the aggregate supply and the aggregate demand relations in the economy and it is estimated using full-information Bayesian …

of globalization (modeled as the changing degree of openness to trade of the economy), and, therefore, they become time … have led to an attenuation in the effects of monetary policy shocks. The nested closed economy specification still appears … to provide a substantially better fit of U.S. data than various open economy specifications with time-varying degrees of …

Since the mid-1980s the world economy has gone through profound transformations of which the sources and effects are …

answer this question we lay down an open economy model where net lending toward the rest of the world is constrained by a … accumulation is subject to adjustment costs. We demonstrate that, although this economy can generate persistent current account …