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Welfare effects of commodity price and exchange rate volatilities in a multi-sector small open economy model

Dib, Ali - 2008

This paper develops a multi-sector New Keynesian model of a small open economy that includes commodity, manufacturing, non-tradable, and import sectors. Price and wage rigidities are sector specific, modelled à la Calvo-Yun style contracts. Labour and capital are imperfectly mobile across...

Persistent link: https://www.econbiz.de/10010279935

Thresholds in the process of international financial integration

Kose, M. Ayhan; Prasad, Eswar S.; Taylor, Ashley D. - 2009

The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the presumed growth benefits of financial integration....

Persistent link: https://www.econbiz.de/10010269032

Do central banks respond to exchange rate movements? Some new evidence from structural estimation

Dong, Wei - 2008

This paper investigates the impact of exchange rate movements on the conduct of monetary policy in Australia, Canada … exchange rate process are examined. The results indicate that the Reserve Bank of Australia, the Bank of Canada and the Bank of …

Persistent link: https://www.econbiz.de/10010279936

Alternative optimized monetary policy rules in multi-sector small open economies

De Resende, Carlos; Dib, Ali; Kichian, Maral - 2010

multiple dimensions. With key parameters of the model estimated using data from an inflation targeting economy, namely Canada …

Persistent link: https://www.econbiz.de/10010280022

Expenditure-switching effect and the choice of exchange rate regime

Dong, Wei - 2007

goods. The model is estimated for three small open economies: Australia, Canada, and the United Kingdom. The empirical … small for the United Kingdom, and comparatively large for Canada; the distribution margin in the United Kingdom is …, expenditure switching by foreign distributors is comparatively small for Australia and Canada, since a larger fraction of …

Persistent link: https://www.econbiz.de/10010280045

Estimating the border effect: Some new evidence

Gopinath, Gita; Gourinchas, Pierre-Olivier; Hsieh, Chang-Tai - 2009

with stores in the United States and Canada. They develop a model of pricing by location and employ a regression …

Persistent link: https://www.econbiz.de/10010280948

Exchange rate pass-through and inflation dynamics in Tunisia: A Markov-Switching approach

Khemiri, Rim; Ali, Mohamed Sami Ben - 2012

This paper studies the effect of exchange rate pass-through on inflation in Tunisia over the period 2001-2009. The authors' objective is to track inflation regimes for the Tunisian economy and to forecast its determinants. Using a Markov-switching approach, the authors identified two main...

Persistent link: https://www.econbiz.de/10010310073

Hoarding of international reserves: Mrs Machlup's wardrobe and the joneses

Cheung, Yin-Wong; Qian, Xingwang - 2007

crisis period. Individual economy estimation results, however, show that the Joneses effect varies across economies. …

Persistent link: https://www.econbiz.de/10010276301

Contagion of currency crises: Some theoretical and empirical analysis

Karmann, Alexander; Greßmann, Oliver; Hott, Christian - 2002

This paper investigates contagion effects. In a model with highly and lowly informed investors we show that a currency crisis in one country can trigger a crisis in another country. Portfolio losses of the highly informed investors in one country will force them to withdraw capital from the...

Persistent link: https://www.econbiz.de/10010301742

Contagion of currency crises: Some theoretical and empirical analysis

Karmann, Alexander; Greßmann, Oliver; Hott, Christian - 2002

Persistent link: https://www.econbiz.de/10010305446