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The transmission of domestic shocks in open economies
Erceg, Christopher J.; Gust, Christopher J.; … - In: International dimensions of monetary policy : [... …, (pp. 89-148). 2009
Persistent link: https://www.econbiz.de/10003951244
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The transmission of domestic shocks in the open economy
Erceg, Christopher J.; Gust, Christopher J.; … - 2007
Persistent link: https://www.econbiz.de/10003997598
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The transmission of domestic shocks in open economies
Erceg, Christopher J.; Gust, Christopher J.; … - 2007
Persistent link: https://www.econbiz.de/10003593189
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The transmission of domestic shocks in the open economy
Erceg, Christopher J.; Gust, Christopher J.; … - 2007
Persistent link: https://www.econbiz.de/10003604241
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The Transmission of Domestic Shocks in the Open Economy
Erceg, Christopher J. - 2007
This paper uses an open economy DSGE model to explore how trade openness affects the transmission of domestic shocks. For some calibrations, closed and open economies appear dramatically different, reminiscent of the implications of Mundell-Fleming style models. However, we argue such stark...
Persistent link: https://www.econbiz.de/10012465026
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The Transmission of Domestic Shocks in the Open Economy
Erceg, Christopher J.; Gust, Christopher; Lopez-Salido, … - 2007
This paper uses an open economy DSGE model to explore how trade openness affects the transmission of domestic shocks. For some calibrations, closed and open economies appear dramatically different, reminiscent of the implications of Mundell-Fleming style models. However, we argue such stark...
Persistent link: https://www.econbiz.de/10014221891
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International transmission of shocks, money illusion and the velocity of money
Sousa, Teresa - 2011
economy. Furthermore we introduce a velocity of money shock revisiting the Quantity Theory of Money within the open economy … paradigm of microeconomic theory and invoked since a tendency to think in nominal rather than real terms becomes evident in the … a productivity shock are increasing in the degree of money illusion and decreasing in the degree of openness of the …
Persistent link: https://www.econbiz.de/10009379782
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Optimal monetary policy in a currency union : implications of a country-specific cost channel
Michaelis, Jochen; Palek, Jakob - 2014
There is growing empirical evidence that the strength of the cost channel of monetary policy differs across countries. Using a New Keynesian model of a two-country monetary union, we show how the introduction of a cost channel (differential) alters the optimal monetary responses to union-wide...
Persistent link: https://www.econbiz.de/10010393570
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Monetary policies for open economics
Pierluigi, Beatrice - 2000
Persistent link: https://www.econbiz.de/10001619964
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Credit frictions and consumption dynamics in an open economy
Chu, Shiou-yen - In: International review of economics & finance : IREF 27 (2013), pp. 250-260
Persistent link: https://www.econbiz.de/10009740815