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Disinflation in an open-economy staggered-wage DGE model : exchange-rate pegging, boom and the role of preannouncement

Fender, John (contributor); Rankin, Neil (contributor) - 2006

Persistent link: https://www.econbiz.de/10003385741

A further contribution towards explaining why disinflation through currency pegging may cause a boom

Fender, John; Rankin, Neil - In: Journal of international money and finance 30 (2011) 3, pp. 516-536

Persistent link: https://www.econbiz.de/10009268830

Money- and exchange-rate-based disinflation in a redux model with staggered wage setting

Fender, John; Rankin, Neil - 2004

Persistent link: https://www.econbiz.de/10002086234

A small open economy with staggered wage setting and intertemporal optimization : the basic analytics

Fender, John; Rankin, Neil - In: The Manchester School 71 (2003) 4, pp. 396-416

Persistent link: https://www.econbiz.de/10001771329

Disinflation in an Open-Economy Staggered-Wage Dge Model : Exchange-Rate Pegging, Booms and the Role of Preannouncement

Fender, John - 2006

A dynamic general equilibrium model of an open economy with staggered wages is constructed. We analyse disinflation through pegging the exchange rate. In accordance with the stylised facts, an initial boom in output can result, depending on the exact level of the peg. The reason is an element of...

Persistent link: https://www.econbiz.de/10012732702

A Small Open Economy with Staggered Wage Setting and Intertemporal Optimization: The Basic Analytics

Fender, John; Rankin, Neil - In: Manchester School 71 (2003) 4, pp. 396-416

We develop a model of a small open economy with optimizing, infinitely lived agents. They have monopoly power over the price of their labour, and wage setting is staggered. We consider the effects of an unanticipated increase in the money supply. In all cases, the exchange rate depreciates...

Persistent link: https://www.econbiz.de/10005251946