PHILLIPS CURVE IN A SMALL OPEN ECONOMY: A TIME SERIES EXPLORATION OF NORTH CYPRUS
نویسندگان
چکیده
منابع مشابه
The ‘ New Keynesian ’ Phillips curve : closed economy versus open economy
The paper extends Woodford’s [Optimizing models with nominal rigidities, Chapter 3 of Interest and prices: foundations of a theory of monetary policy, Princeton University, 2000; unpublished manuscript] analysis of the closed economy Phillips curve to an open economy with both commodity trade and capital mobility. We show that consumption smoothing, which comes with the opening of the capital m...
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Capital Accumulation and Convergence in a Small Open Economy
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چکیده ندارد.
15 صفحه اولEstimates of the Open Economy New Keynesian Phillips Curve for Euro Area Countries ∗ †
In this paper an open economy model of the New Keynesian Phillips Curve incorporating three different factors of production, domestic labor and imported as well as domestically produced intermediate goods, is developed and estimated for 9 euro area countries and the euro area aggregate. This general model nests existing closed economy and open economy models as special cases. We find that struc...
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ژورنال
عنوان ژورنال: Paradigms
سال: 2011
ISSN: 1996-2800,2410-0854
DOI: 10.24312/paradigms050106