Monetary Policy in Estimated Models of Small Open and Closed Economies
Tóm tắt
Từ khóa
Tài liệu tham khảo
Adolfson M, Laseen S, Linde J, Villani M (2007) Bayesian estimation of an open economy DSGE model with incomplete pass-through. J Int Econ 72:481–511
Ambler S, Dib A, Rebei N (2004) Optimal Taylor rules in an estimated model of a small open economy. Bank of Canada Working Paper No 2004-36
Blanchard OJ, Kahn CM (1980) The solution of linear difference models under rational expectations. Econometrica 48:1305–1311
Bouakez H (2002) Nominal rigidity, desired markup variations, and real exchange rate persistence. J Int Econ 66:49–74
Bouakez H, Rebei N (2008) Has exchange rate pass-through really declined? Evidence from Canada. J Int Econ 75:249–267
Chari VV, Kehoe PJ, McGrattan ER (2002) Can sticky-price models generate volatile and persistent real exchange rates? Rev Econ Stud 69:533–563
Christensen I, Dib A (2008) The financial accelerator in an estimated new Keynesian model. Rev Econ Dyn 11:155–178
Clarida R, Galí J, Gertler M (2001) Optimal monetary policy in closed versus open economies: an integrated approach. Am Econ Rev 91:248–252
Clinton K (1998) Canada-US long-term interest differentials in the 1990s. Bank Can Rev (Spring):17–38
Covas F, Zhang Y (2008) Price-level versus inflation targeting with financial market imperfections. Bank of Canada Working Paper No 2008-26
Devereux MB, Engel C (2002) Exchange rate pass-through, exchange rate volatility, and exchange rate disconnect. J Monet Econ 49:913–40
Dib A (2003) An estimated Canadian DSGE model with nominal and real rigidities. Can J Econ 36:949–72
Dib A (2008) Welfare effects of commodity prices and exchange rate volatilities in a multi-sectoral small open-economy model. Bank of Canada Working Paper No 2004-36
Dib A, Gammoudi M, Moran K (2008) Forecasting Canadian time series with the New Keynesian model. Can J Econ 41:138–165
Elekdag S, Justiniano A, Tchakarov I (2006) An estimated small open-economy model of the financial accelerator. MF Staff Papers 53:221–45
Galí J, Monacelli T (2005) Optimal monetary policy and exchange rate volatility in a small open economy. Rev Econ Stud 72:707–734
Ghironi F (2000) Towards new open economy macroeconometrics. Working Paper No 469, Boston College Economic Department
Justiniano A, Preston B (2009) Can structural small open-economy models account for the influence of foreign disturbances? Working Paper No 2009-19, Federal Reserve Bank of Chicago
Kollmann R (2001) The exchange rate in a dynamic-optimizing business cycle model with nominal rigidities: a quantitative investigation. J Int Econ 55:243–262
Kollmann R (2002) Monetary policy rules in the open economy: effects on welfare and business cycles. J Monet Econ 49:989–1015
Lubik AT, Schorfheide F (2007) Do central banks target exchange rates? A structural investigation. J Monet Econ 54:1069–1087
McCallum BT, Nelson E (1999) Nominal income targeting in an open-economy optimizing model. J Monet Econ 43:553–578
McCallum BT, Nelson E (2000) Monetary policy for an open-economy: an alternative framework with optimizing agents and sticky prices. Oxf Rev Econ Policy 16:74–91
Senhadji A (2003) External shocks and debt accumulation in a small open economy. Rev Econ Dyn 6:207–239
Smets F, Wouters R (2002) Openness, imperfect exchange rate pass-through and monetary policy. J Monet Econ 49:947–981