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Global vs. Local Liquidity Traps
Cook, David E. - 2011
This paper examines demand spillovers in a two country open economy model to a demand shock newline (emanating from a …
Persistent link: https://www.econbiz.de/10013117771
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Self-Oriented Monetary Policy, Global Financial Markets and Excess Volatility of International Capital Flows
Banerjee, Ryan - 2016
monetary policy shocks on a sample group of EMEs. A contractionary monetary shock leads a retrenchment in EME capital flows, a … are minor, and an inflation targeting rule represents an effective policy for the EME. With frictions in financial … intermediation, however, spillovers are substantially magnified, and an inflation targeting rule has little advantage over an …
Persistent link: https://www.econbiz.de/10013000728
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Monopolistic competition, price setting and the effects of real and monetary shocks
Beaudry, Paul; Devereux, Michael B. - 1993
Persistent link: https://www.econbiz.de/10000878367
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Monopolistic competition, price setting and the effects of real and monetary shocks
Beaudry, Paul; Devereux, Michael B. - 1993
Persistent link: https://www.econbiz.de/10000141713
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Monetary policy in the open economy revisited : price setting and exchange-rate flexibility
Devereux, Michael B.; Engel, Charles - In: The review of economic studies 70 (2003) 4, pp. 765-783
Persistent link: https://www.econbiz.de/10001832836
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Monetary policy in the open economy revisited : price setting and exchange rate flexibility
Devereux, Michael B.; Engel, Charles - 2000
Persistent link: https://www.econbiz.de/10001470850
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Money and the real exchange rate with sticky prices and increasing returns
Beaudry, Paul - In: Carnegie Rochester conference series on public policy : … 43 (1995), pp. 55-101
Persistent link: https://www.econbiz.de/10001203373
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Monetary Policy in the Open Economy Revisited : Price Setting and Exchange Rate Flexibility
Devereux, Michael B. - 2000
This paper develops a welfare-based model of monetary policy in an open economy. We focus on the extent to which monetary policy should be employed in maintaining the exchange rate. The traditional approach maintains that exchange rate flexibility is desirable in the presence of real...
Persistent link: https://www.econbiz.de/10012471102
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Monetary Policy in the Open Economy Revisited : Price Setting and Exchange Rate Flexibility
Devereux, Michael B. - 2007
This paper develops a welfare-based model of monetary policy in an open economy. We focus on the extent to which monetary policy should be employed in stabilising the exchange rate. The traditional approach maintains that exchange rate flexibility is desirable in the presence of real...
Persistent link: https://www.econbiz.de/10012729259
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Monetary Policy in the Open Economy Revisited : Price Setting and Exchange Rate Flexibility
Devereux, Michael B.; Engel, Charles M. - 2021
This paper develops a welfare-based model of monetary policy in an open economy. We focus on the extent to which monetary policy should be employed in maintaining the exchange rate. The traditional approach maintains that exchange rate flexibility is desirable in the presence of real...
Persistent link: https://www.econbiz.de/10013223870