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model within a DSGE model of the U.S. economy. This enables us to formally analyze the impact of a (speculative) storage …
Persistent link: https://www.econbiz.de/10011242253
The External Balance Assessment (EBA) methodology has been developed by the IMF’s Research Department as a successor to the CGER methodology for assessing current accounts and exchange rates in a multilaterally consistent manner. Compared to other approaches, EBA emphasizes distinguishing...
Persistent link: https://www.econbiz.de/10011142197
framework. It models a small open economy and the rest of the world together to discover both accompanying effects of oil price …
Persistent link: https://www.econbiz.de/10008561072
framework. It models a small open economy and the rest of the world together to discover both accompanying effects of oil price …
Persistent link: https://www.econbiz.de/10012677522
focus on the role of financial frictions in the domestic economy. In contrast, we propose a two-country DSGE model to … find that the scale of financial spillovers from the global to the domestic economy and trade openness are key determinants … of the severity of the financial crisis for the domestic economy. Our results also suggest that the welfare ranking of …
Persistent link: https://www.econbiz.de/10012690152
Persistent link: https://www.econbiz.de/10000659392
Persistent link: https://www.econbiz.de/10001447754
Persistent link: https://www.econbiz.de/10009560248
The effectiveness of the monetary policy transmission mechanism in open economies could be impaired if interest rates are driven primarily by global factors, especially during periods of large capital inflows. The main objective of this paper is to assess whether this is true for emerging Asia's...
Persistent link: https://www.econbiz.de/10009679028
inflation, importantly including a higher cost of a crisis when the economy is weaker. For existing empirical estimates, costs …
Persistent link: https://www.econbiz.de/10014408003