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Welfare effects of monetary policy in an economy with vertical production and trade : an analysis based on the perspective of local currency pricing

Dohwa, Kohjiro - In: Economic modelling 41 (2014), pp. 408-420

Persistent link: https://www.econbiz.de/10010440680

Optimal monetary policy in an economy with vertical production and trade : an analysis based on the perspective of local currency pricing

Dohwa, Kohjiro - In: Japan and the world economy : international journal of … 36 (2015), pp. 11-20

Persistent link: https://www.econbiz.de/10011572886

Welfare effects of monetary policy in an economy with vertical production and trade: An analysis based on the perspective of local currency pricing

Dohwa, Kohjiro - In: Economic Modelling 41 (2014) C, pp. 408-420

By incorporating the factor of firms' asymmetric price setting behavior into the two-country model with vertical production and trade, we analyze how one country's monetary policy affects the welfare of both countries. We show that an expansionary monetary policy has (i) a beggar-thyself effect...

Persistent link: https://www.econbiz.de/10010933335