An optimizing analysis of the effects of world interest disturbances on the open economy term structure of interest rates

Journal of International Money and Finance - Tập 14 - Trang 105-126 - 1995
Walter H. Fisher1
1Department of Economics, Kansas State University, Manhattan, KS 66506, USA

Tài liệu tham khảo

Ambler, 1989, The International Transmission of Policy Announcement Effects, Journal of International Money and Finance, 8, 219, 10.1016/0261-5606(89)90024-7 Bardhan, 1967, Optimum Foreign Borrowing, 235 Benninga, 1988, Fiscal Policy and the Term Structure of Interest Rates, Journal of Public Economics, 37, 331, 10.1016/0047-2727(88)90045-X Bhandari, 1990, Growth, External Debt, and Sovereign Risk in a Small Open Economy, IMF Staff Papers, 37, 388, 10.2307/3867295 Blanchard, 1985, Debt, Inflation, and Finite Horizons, Journal of Political Economy, 83, 233 Brock, 1988, Investment, the Current Account, and the Relative Price of Non-Traded Goods in a Small Open Economy, Journal of International Economics, 24, 235, 10.1016/0022-1996(88)90036-0 Buiter, 1987, Fiscal Policy in Open, Interdependent Economies Cox, 1985, A Theory of the Term Structure of Interest Rates, Econometrica, 53, 385, 10.2307/1911242 Fisher, 1992, Fiscal Policy and the Term Structure of Interest Rates: An Intertemporal Optimizing Analysis, Journal of Money, Credit, and Banking, 24, 1, 10.2307/1992788 Frenkel, 1985, Government Spending, Debt, and International Economic Interdependence, Economic Journal, 95, 619, 10.2307/2233030 Frenkel, 1986, Fiscal Policies in the World Economy, Journal of Political Economy, 94, 564, 10.1086/261390 Longstaff, 1989, A Nonlinear General Equilibrium Model of the Term Structure of Interest Rates, Journal of Financial Economics, 23, 195, 10.1016/0304-405X(89)90056-1 McCafferty, 1986, Aggregate Demand and Interest Rates: A Macroeconomic Approach to the Term Structure, Economic Inquiry, 24, 521, 10.1111/j.1465-7295.1986.tb01831.x Matsuyama, 1987, Current Account Dynamics in a Finite Horizon Model, Journal of International Economics, 23, 299, 10.1016/0022-1996(87)90057-2 Mendoza, 1991, Real Business Cycles in a Small Open Economy, American Economic Review, 81, 797 Obstfeld, 1981, Macroeconomic Policy, Exchange Rate-Dynamics, and Optimal Asset Accumulation, Journal of Political Economy, 89, 1142, 10.1086/261026 Sen, 1989, Tariffs, Capital Accumulation, and the Current Account in a Small Open Economy, International Economic Review, 30, 811, 10.2307/2526753 Turnovsky, 1991, Fiscal Policy, Capital Accumulation, and Debt in a Small Open Economy, Oxford Economic Papers, 43, 1, 10.1093/oxfordjournals.oep.a041981 Turnovsky, 1986, Short-Term and Long-Term Interest Rates in a Monetary Model of a Small Open Economy, Journal of International Economics, 20, 291, 10.1016/0022-1996(86)90023-1 Turnovsky, 1989, The Term Structure of Interest Rates and the Effect of Macroeconomic Policy, Journal of Money, Credit, and Banking, 21, 321, 10.2307/1992417