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Cost-Push Shocks and Monetary Policy in Open Economics

Sutherland, Alan - 2005

This paper analyses the implications of cost-push shocks for the optimal choice of monetary policy target in a two-country sticky-price model. In addition to cost-push shocks, each country is subject to labour-supply and money-demand shocks. It is shown that the fully optimal coordinated policy...

Persistent link: https://www.econbiz.de/10014064419

Cost-Push Shocks and Monetary Policy in Open Economies

2010

Persistent link: https://www.econbiz.de/10012760893

Cost-Push Shocks and Monetary Policy and Monetary Policy in Open Economies

Sutherland, Alan - 2016

Persistent link: https://www.econbiz.de/10012991260

Monetary policy in the open economy revisited : price setting rules and exchange rate flexibility

Devereux, Michael B. - 2000

Persistent link: https://www.econbiz.de/10013423076

Flexible exchange rates, fixed exchange rates, or a currency union? : a welfare analysis under different shock scenarios

Frey, Rainer - 2004

Persistent link: https://www.econbiz.de/10002046230

Monetary policy : prosper-thy-neighbour and beggar-thyself?

Michaelis, Jochen - In: Kredit und Kapital 37 (2004) 1, pp. 1-30

Im Rahmen eines Zwei-Länder-Modells à la Obstfeld/ Rogoff werden die Wohlfahrtseffekte der Geldpolitik untersucht …. Die Hauptresultate sind: (1) Eine expansive Geldpolitik generiert stets einen positiven Wohlfahrtseffekt; (2) die …

Persistent link: https://www.econbiz.de/10015105535