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Incomplete exchange rate pass-through and simple monetary policy rules
Adolfson, Malin (contributor) - 2001 - [Elektronische Ressource]
The performance of various monetary rules is investigated in an open economy with incomplete exchange rate pass-through. Implementing monetary policy through an exchange-rate augmented policy rule does not improve social welfare compared to using an optimized Taylor rule, irrespective of the...
Persistent link: https://www.econbiz.de/10001622452
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The European unemployment dilemma
Ljungqvist, Lars; Sargent, Thomas J. - 1997
Persistent link: https://www.econbiz.de/10000968591
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Monetary policy with incomplete exchange rate pass-through
Adolfson, Malin (contributor) - 2001 - [Elektronische Ressource]
-output variability trade-off becomes more favourable as pass-through decreases. Third, lower pass-through, that is larger nominal …
Persistent link: https://www.econbiz.de/10001622446
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Fiscal policy and the yield curve in a small open economy
Lindé, Jesper - 1998
Persistent link: https://www.econbiz.de/10000981018
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Aggregate savings when individual income varies
Flodén, Martin (contributor) - 2005 - [Elektronische Ressource]
This paper examines aggregate savings in a general equilibrium model where infinitely lived households face volatile (and possibly uncertain) income paths, hold a risk-free asset, and face a liquidity constraint. I first show that the equilibrium capital stock in an economy without uncertainty,...
Persistent link: https://www.econbiz.de/10002679474
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Environmental effects of economywide policies : case studies of Costa Rica and Sri Lanka
Haksar, Annika - 1997
Persistent link: https://www.econbiz.de/10000968773
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Optimal monetary policy delegation under incomplete exchange rate pass-through
Adolfson, Malin (contributor) - 2001 - [Elektronische Ressource]
The central bank's optimal objective function is analyzed in a small open economy model allowing for incomplete exchange rate pass-through. The results indicate that social welfare can only be marginally improved by including an explicit exchange-rate term in the delegated objective function,...
Persistent link: https://www.econbiz.de/10001622448
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Mutual recognition and the strategic use of international standards
Wallner, Klaus - 1998
Persistent link: https://www.econbiz.de/10000991710
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A latent factor model of European exchange rate risk premia
Alexius, Annika; Sellin, Peter - 1997
Persistent link: https://www.econbiz.de/10000958083
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Trade deficits in the Baltic States : how long will the party last?
Bems, Rudolfs (contributor); Jönsson, Kristian (contributor) - 2003 - [Elektronische Ressource], Rev. May 2, 2005
experienced large and persistent capital inflows and trade deficits. This paper investigates whether a calibrated two …-sector neoclassical growth model can explain the magnitudes and the timing of the trade flows in the Baltic countries. The model is … trade and capital flows. The results show that the model can account for the observed magnitudes of the trade deficits in …
Persistent link: https://www.econbiz.de/10001808242