نتایج جستجو برای: small open economy

تعداد نتایج: 1233002  

Journal: :Social Science Research Network 2021

2013
Joseph Francois

We study the labor market effects of realignment in fixed bilateral exchange rates, such as China’s peg to the US dollar. We employ the open economy model developed by de Melo and Robinson to identify the core parameters of the real, trade side of the economy driving the unemployment effects of bilateral exchange rate realignment. A small open economy version of the model is explored analytical...

2008
Wolfram Berger

In this paper the optimal choice of a monetary target is investigated for a small open economy that is subject to foreign monetary policy shocks. In contrast to large parts of the literature, pegging the exchange rate is never the best policy choice for the small open economy in our model. Instead, monetary targeting and, depending on the parameter combination, producer price index targeting co...

2008
Partha Sen Arghya Ghosh

We look at privatization in a general equilibrium model of a small, tariff-distorted, open economy. There is a differentiated good produced by both private and public sector enterprises. A reduction in government production in order to cut losses from such production raises the returns to capital and increases the tariff revenue, which are welfare improving. However, privatization also leads to...

1991
Enrique G. Mendoza ENRIQUE G. MENDOZA

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2014
Jeffrey Sheen Ben Z. Wang Ben Z Wang

We estimate small open economy models with involuntary unemployment using Australian data from 1993 to 2007, focusing on hiring costs and real wage rigidity. We find a strong preference for models with hiring costs, which account for 0.97% of GDP. The data favour models with real over nominal wage rigidity. Impulse responses to technology shocks reveal no productivityemployment puzzle for the p...

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