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Financial Liberalization and the Dynamics of Inflation, the Nominal Exchange Rate and the Terms of Trade
Gupta, Rangan - Department of Economics, Faculty of Economic and … - 2005
convertibility. The analysis shows that the effect of financial liberalization on rate of inflation and the movements of the nominal …
Persistent link: https://www.econbiz.de/10005773210
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Financial Liberalization and the Dynamics of Inflation, Nominal Exchange Rate, and Terms of Trade
Gupta, Rangan - In: Indian Economic Review 42 (2007) December, pp. 165-176
convertibility. The analysis shows that the effect of financial liberalization on rate of inflation and the movements of the nominal …
Persistent link: https://www.econbiz.de/10005168551
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Financial Liberalization and Inflationary Dynamics in the Context of a Small Open Economy
GUPTA, RANGAN - Department of Economics, University of Connecticut - 2005
reducing inflation is a priority. The pre-requisite for such a policy, however, requires the establishment of a flexible …
Persistent link: https://www.econbiz.de/10005746100
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Rational Expectations and the Effects of Financial Liberalization on Price Level and Output
Gupta, Rangan - Department of Economics, Faculty of Economic and … - 2005
policy if reducing inflation is a priority. The pre-requisite for such a policy, however, requires the establishment of a …
Persistent link: https://www.econbiz.de/10005773195
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Oil Shocks and the U.S. Economy : Evidence from a FAVAR Model
De, Kuhelika - 2020
We investigate the economic effects of three separate types of oil price shocks on the U.S. economy using a factor augmented vector autoregression framework and 185 monthly macroeconomic indicators from 1978 to 2017. We find that while increases in the price of crude oil triggered by oil...
Persistent link: https://www.econbiz.de/10012827557
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On the Response of Inflation and Monetary Policy to an Immigration Shock
Garcia, Benjamin - 2020
An immigration shock has an ambiguous effect on inflation. On one hand, aggregate consumption increases with a suddenly …. The response of an inflation-targeting central bank to an immigration shock is, therefore, not obvious. We study these … are designed to characterize the possible response of inflation and monetary policy in Chile, a small open emerging …
Persistent link: https://www.econbiz.de/10012834823
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Drivers of consumer prices and exchange rates in small open economies
Corbo, Vesna; Di Casola, Paola - 2020
economies, we find that the main driver of consumer price inflation is the global demand shock. A negative global demand shock …
Persistent link: https://www.econbiz.de/10012176017
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The impacts of credit standards on aggregate fluctuations in a small open economy : the role of monetary policy
Le, Hai - In: Economies : open access journal 9 (2021) 4, pp. 1-26
Empirical evidence demonstrates that credit standards, including lending margins and collateral requirements, move in a countercyclical direction. In this study, we construct a small open economy model with financial frictions to generate the countercyclical movement in credit standards. Our...
Persistent link: https://www.econbiz.de/10012800343
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An eclectic third generation model of financial and exchange rate crises
Izquierdo, Joaquin Novella; Alcon, Joan Ripoll i - Facultat d'Economia i Empresa, Universitat de Barcelona - 2008
This paper presents an eclectic model that systematizes the dynamics of self-fulfilling crises, using the main aspects of the three typologies of third generation models, to describe the stylized facts that hasten the withdrawal of a pegged exchange rate system. The most striking contributions...
Persistent link: https://www.econbiz.de/10005022372
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When domestic and foreign QE overlap: evidence from Sweden
Di Casola, Paola; Stockhammar, Pär - 2021
We estimate the effects of domestic and foreign quantitative easing (QE) programmes on a small open economy, Sweden, using a structural BVAR model. Domestic QE raised GDP, lowered unemployment and depreciated the currency, while effects on in ation are less clear. The ECB QE had large positive...
Persistent link: https://www.econbiz.de/10012520274