Search Results - subject_exact:"Redux-Modell"

Dollar dominance and the transmission of monetary policy

McLeay, Michael; Tenreyro, Silvana - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015614188

Exchange rate overshooting : unraveling the puzzles

Braig, Miriam; Rüth, Sebastian; Van der Veken, Wouter - 2024

We solve a canonical, estimated, medium-sized, open-economy New Keynesian model, cast it into a small-scale population vector autoregression, and assess whether best-practice structural identifications detect textbook "overshooting" after a monetary policy hike-i.e., an instant real appreciation...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015069881

Tariffs and the Term Structure of Inflation Expectations

Auray, Stéphane; Devereux, Michael B.; Diercks, Anthony M. - 2026

Inflation expectations derived from financial markets exhibited unprecedented dynamics in 2025: the correlation between one-year inflation swaps and one-year-ahead one-year forward rates turned significantly negative for the first time on record. We show that this decoupling occurred primarily...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015639397

Exchange rates and monetary policy when tradable and nontradable goods are complements

Craighead, William D. - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014446440

Exchange rates and adjustment : perspectives from the new open economy macroeconomics

Obstfeld, Maurice - 2002

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013424095

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Exchange rates and adjustment : perspectives from the new open economy macroeconomics

Obstfeld, Maurice - 2002

Book / Working Paper

Exchange rates and adjustment : perspectives from the new open economy macroeconomics

Obstfeld, Maurice - 2002

Book / Working Paper

Exchange rates and adjustment : perspectives from the new open economy macroeconomics

Obstfeld, Maurice - 2002

Book / Working Paper

Exchange Rates and Adjustment : Perspectives from the New Open Economy Macroeconomics

Obstfeld, Maurice - 2021

Book / Working Paper

Exchange Rates and Adjustment : Perspectives from the New Open Economy Macroeconomics

Obstfeld, Maurice - 2002

Book / Working Paper

Fiscal dominance and inflation targeting : lessons from Brazil

Blanchard, Olivier - 2005

Persistent link: https://ebvufind01.dmz1.zbw.eu/10002928022

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Fiscal dominance and inflation targeting : lessons from Brazil

Blanchard, Olivier - 2004

Book / Working Paper

Fiscal Dominance and Inflation Targeting : Lessons from Brazil

Blanchard, Olivier - 2021

Book / Working Paper

Fiscal Dominance and Inflation Targeting : Lessons from Brazil

Blanchard, Olivier - 2004

Book / Working Paper

Fiscal Dominance and Inflation Targeting : Lessons from Brazil

Blanchard, Olivier - 2004

Book / Working Paper

International Trade and Macroeconomic Dynamics with Heterogeneous Firms

Ghironi, Fabio Pietro; Melitz, Marc J. - 2021

We develop a stochastic, general equilibrium, two-country model of trade and macroeconomic dynamics. Productivity differs across individual, monopolistically competitive firms in each country. Firms face a sunk entry cost in the domestic market and both fixed and per-unit export costs. Only...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013232449

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International Trade and Macroeconomic Dynamics with Heterogeneous Firms

Ghironi, Fabio - 2004

Book / Working Paper

International Frictions and Optimal Monetary Policy Cooperation : Analytical Solutions

Darracq Pariès, Matthieu - 2021

This paper analyzes the implications of price-setting and incomplete financial markets for optimal monetary cooperation. The main objective is to provide the basic intuitions concerning the role of the main international frictions on optimal policy within a simple Dynamic Stochastic General...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013316762

Capital Flows and the Us 'New Economy' : Consumption Smoothing and Risk Exposure

Miller, Marcus; Castrén, Olli; Zhang, Lei - 2021

In an analytically tractable model of the global economy, we calculate the Pareto improvement where a country experiencing a favourable supply side shock consumes more against expected future output and spreads the risk by selling shares. With capital inflows to finance the 'New Economy'...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013318678

Optimal Monetary Policy in an Open Economy

Stemp, Peter J.; Turnovsky, Stephen J. - 2021

This paper analyzes the optimal intertemporal tradeoff between inflation and output in an open economy under perfect foresight. The announcement of the optimal plan may, or may not, generate an initial jump in the exchange rate. That depends upon the real adjustment costs, which such...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013220425

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Optimal Monetary Policy in an Open Economy

Stemp, Peter J. - 1986

Book / Working Paper

Forecasting inflation in open economies : what can a NOEM model do?

Duncan, Roberto; Martínez-García, Enrique - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014292206

Solving Exchange Rate Puzzles with Neither Sticky Prices Nor Trade Costs

Moore, Michael J. - 2019

We present a simple framework in which both the exchange rates disconnect and forward bias puzzles are simultaneously resolved. The flexible-price two-country monetary model is extended to include a consumption externality with habit persistence. Habit persistence is modeled using Campbell...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012905885

Dutch disease dynamics reconsidered

Bjørnland, Hilde Christiane; Thorsrud, Leif Anders; … - 2019

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012263289

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Dutch disease dynamics reconsidered

Bjørnland, Hilde Christiane; Thorsrud, Leif Anders; … - 2018

Book / Working Paper

Dutch disease dynamics reconsidered

Bjørnland, Hilde Christiane; Thorsrud, Leif Anders; … - 2018

Book / Working Paper

Dutch disease dynamics reconsidered

Bjørnland, Hilde Christiane; Thorsrud, Leif Anders; … - 2019

Book / Working Paper

Dutch Disease Dynamics Reconsidered

Bjørnland, Hilde Christiane - 2019

Book / Working Paper

Dutch Disease Dynamics Reconsidered

Bjørnland, Hilde Christiane - 2018

Book / Working Paper

Export pricing and the cross-country correlation of stock prices

Tervala, Juha - 2011

Persistent link: https://ebvufind01.dmz1.zbw.eu/10009271748

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Export pricing and the cross-country correlation of stock prices

Tervala, Juha - 2009

Book / Working Paper

Export Pricing and the Cross-Country Correlation of Stock Prices

Tervala, Juha - 2018

Book / Working Paper

The EAGLE model for Hungary : a global perspective

Békesi, László; Kaszab, Lóránt; Szentmihályi, Szabolcs - 2017

In this paper we adopt the Hungarian version of the EAGLE (Euro Area GLobal Economy) model. The version of the EAGLE model used in this paper allows for the high import content of export - a typical feature of small open economies such as Hungary. We study the effects of four globally important...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011674240

The continuing validity of monetary policy autonomy under floating exchange rates

Nelson, Edward - 2020

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012180243

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The continuing validity of monetary policy autonomy under floating exchange rates

Nelson, Edward - 2017

Book / Working Paper

Fiscal policy transmission in a non-Ricardian model of a monetary union

2017 - This Draft: October 29, 2017

We present an analytically tractable two-country New Open Economy Macroeconomics model of a currency union featuring an overlapping gen- erations structure of the Blanchard (1985)-Yaari (1965) type. It enables us to study the transmission and spillover effects of a wider range of fiscal shocks...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011741677

National fiscal stimulus packages and consolidation strategies in a monetary union

2017 - This Draft: October 29, 2017

We present a two-country New Open Economy Macroeconomics model of a currency union featuring an overlapping generations structure of the Blanchard (1985)-Yaari (1965) type as well as monopolistic frictions and staggered adjustment in the goods and labor market. We allow for public investment and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011752148

Economic globalization and governance : essays in honor of Jorge Braga de Macedo

2021

Reflecting the diverse and profound changes triggered by the latest wave of economic globalization, this book highlights various governance responses at national, regional and global levels. The topics covered are wide-ranging and include economic history and development, European integration,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012264462

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Economic Globalization and Governance : Essays in Honor of Jorge Braga de Macedo

2021 - 1st ed. 2021.

Edition: 1st ed. 2021.

Book / Working Paper

Does higher openness cause more real exchange rate volatility?

Calderón, César A.; Kubota, Megumi - 2018

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012037809

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Does Higher Openness Cause More Real Exchange Rate Volatility?

Calderón, César A. - 2016

Book / Working Paper

Does higher openness cause more real exchange rate volatility ?

Calderón, César A. - 2009

Book / Working Paper

Transmission of Nominal Exchange Rate Changes to Export Prices and Trade Flows and Implications for Exchange Rate Policy

Hoffmann, Mathias - 2016

We discuss how the welfare ranking of fixed and flexible exchange rate regimes in a New Open Economy Macroeconomics model depends on the interplay between the degree of exchange rate pass-through and the elasticity of substitution between home and foreign goods. We identify combinations of these...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012991030

International financial markets' influence on the welfare performance of alternative exchange rate regimes

Hoffmann, Mathias - 2010

Persistent link: https://ebvufind01.dmz1.zbw.eu/10003993622

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International Financial Markets' Influence on the Welfare Performance of Alternative Exchange Rate Regimes

Hoffmann, Mathias - 2016

Book / Working Paper

The effects of anti-dumping duties in a new open economy macroeconomics model

Lai, Chung-Fu; Lee, Xi-Tsz - 2016

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011697543

Makroökonomische Implikationen von Arbeitsmigration und Migrantentransfers

Bennöhr, Lars - 2015

Persistent link: https://ebvufind01.dmz1.zbw.eu/10010427920

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Makroökonomische Implikationen von Arbeitsmigration und Migrantentransfers

Bennöhr, Lars - 2015

Book / Working Paper

Good policies or good luck? : new insights on globalization and the international monetary policy transmission mechanism

Martínez-García, Enrique - 2019

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012134202

Dissecting the dynamics of the US trade balance in an estimated equilibrium model

Jacob, Punnoose; Peersman, Gert - 2013

Persistent link: https://ebvufind01.dmz1.zbw.eu/10010211320

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Dissecting the dynamics of the US trade balance in an estimated equilibrium model

Jacob, Punnoose; Peersman, Gert - 2012

Book / Working Paper

Does the foreign sector help forecast domestic variables in DSGE models?

Kolasa, Marcin; Rubaszek, Michał - 2018

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012031114

Fiscal unions

Farhi, Emmanuel; Werning, Iván - 2017

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011786324

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Fiscal Unions

Farhi, Emmanuel - 2012

Book / Working Paper

Fiscal Unions

Werning, Ivan - 2012

We study cross-country risk sharing as a second-best problem for members of a currency union using an open economy model with nominal rigidities and provide two key results. First, we show that if financial markets are incomplete, the value of gaining access to any given level of aggregate risk...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012460383

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Fiscal Unions

Werning, Iván - 2012

Book / Working Paper

Entry dynamics as a solution to the puzzling behaviour of real marginal costs in the Ghironi-Melitz model

Felettigh, Alberto - 2012

Persistent link: https://ebvufind01.dmz1.zbw.eu/10009687383

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Entry Dynamics as a Solution to the Puzzling Behaviour of Real Marginal Costs in the Ghironi-Melitz Model

Felettigh, Alberto - 2012

Book / Working Paper

New Open Economy Industrial Policy : Making Choices without Picking Winners

Kuznetsov, Yevgeny; Sabel, Charles - 2012

This note starts from the premise that policy makers invariably make mistakes, both intentional and unintentional. That requires shifting the focus from one-time choice of winners (sectors, industries, firms, and other organizations) to the process of error detection and error correction of the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012556152

Exchange rate pass-through to various price indices : empirical estimation using vector error correction models

Bachmann, Andreas - 2012

The extent to which exchange rate fluctuations are passed through to domestic prices is of high relevance for open economies and for monetary authorities targeting price stability. Existing empirical studies estimating the exchange rate pass-through for Switzerland are based on either single...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10009545250

Fiscal Unions

Farhi, Emmanuel; Werning, Iván - 2012

Persistent link: https://ebvufind01.dmz1.zbw.eu/10009789837

Dissecting the dynamics of the US trade balance in an estimated equilibrium model

Jacob, Punnoose; Peersman, Gert - 2012

In an estimated two-country DSGE model, we find that shocks to the marginal efficiency of investment account for more than half of the forecast variance of cyclical fluctuations in the US trade balance. Both domestic and foreign marginal efficiency shocks have a substantial impact on the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011592553

Transmission of Nominal Exchange Rate Changes to Export Prices and Trade Flows and Implications for Exchange Rate Policy

Holtemöller, Oliver - 2017

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012951764

Do consumption tax cuts lead to dynamic Laffer effects in open economies?

Wang, Wenchun; Wang, Yang; Wang, Jiaojiao - 2017

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011674137

Exchange rate forecasting with DSGE models

Ca'Zorzi, Michele; Kolasa, Marcin; Rubaszek, Michał - 2017

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011753810

Which fiscal union?

Tabellini, Guido Enrico - 2017

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011659312

The EAGLE : A Model for Policy Analysis of Macroeconomic Interdependence in the Euro Area

Gomes, Sandra - 2011

Building on the New Area Wide Model, we develop a 4-region macroeconomic model of the euro area and the world economy. The model (EAGLE, Euro Area and Global Economy model) is microfounded and designed for conducting quantitative policy analysis of macroeconomic interdependence across regions...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013128474

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The EAGLE : A Model for Policy Analysis of Macroeconomic Interdependence in the Euro Area

Gomes, Sandra - 2010

Book / Working Paper

A New Open Economy Macroeconomic Model with Endogenous Portfolio Diversification and Firms Entry

Arespa, Marta - 2011

This paper provides a new benchmark for the analysis of the international diversification puzzle in a tractable new open economy macroeconomic model. Building on Cole and Obstfeld (1991) and Heathcote and Perri (2009), this model specifies an equilibrium model of perfect risk sharing in...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013119053

Essays in international macroeconomics

Enders, Almira - 2011

Persistent link: https://ebvufind01.dmz1.zbw.eu/10009412401

Local currency pricing, foreign monetary shocks and exchange rate policy

Senay, Özge; Sutherland, Alan - 2010

Persistent link: https://ebvufind01.dmz1.zbw.eu/10003942340

The timing of asset trade and optimal policy in dynamic open economies

Senay, Özge; Sutherland, Alan - 2013

Persistent link: https://ebvufind01.dmz1.zbw.eu/10010342157

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The timing of asset trade and optimal policy in dynamic open economies

Senay, Özge; Sutherland, Alan - 2010

Book / Working Paper

The EAGLE : a model for policy analysis of macroeconomic interdependence in the euro area

Gomes, Sandra; Jacquinot, Pascal; Pisani, Massimiliano - 2012

Persistent link: https://ebvufind01.dmz1.zbw.eu/10009667126

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The EAGLE: a model for policy analysis of macroeconomic interdependence in the euro area

Gomes, Sandra; Jacquinot, Pascal; Pisani, Massimiliano - 2010

Book / Working Paper

The EAGLE : a model for policy analysis of macroeconomic interdependence in the euro area

Gomes, Sandra; Jacquinot, Pascal; Pisani, Massimiliano - 2010

Book / Working Paper

The econometrics of DSGE models

Fernández-Villaverde, Jesús - 2010

In this paper, I review the literature on the formulation and estimation of dynamic stochastic general equilibrium (DSGE) models with a special emphasis on Bayesian methods. First, I discuss the evolution of DSGE models over the last couple of decades. Second, I explain why the profession has...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10009355422

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The econometrics of DSGE models

Fernández-Villaverde, Jesús - 2009

Book / Working Paper

The econometrics of DSGE models

Fernández-Villaverde, Jesús - 2009

Book / Working Paper

The econometrics of DSGE models

Fernández-Villaverde, Jesús - 2009

Book / Working Paper

The Econometrics of DSGE Models

Fernández-Villaverde, Jesús - 2010

Book / Working Paper

The Econometrics of DSGE Models

Fernández-Villaverde, Jesús - 2009

Book / Working Paper

The Econometrics of DSGE Models

Fernández-Villaverde, Jesús - 2009

Book / Working Paper

Optimal monetary policy in open economies

Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain - 2011

Persistent link: https://ebvufind01.dmz1.zbw.eu/10008934685

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Optimal monetary policy in open economies

Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain - 2010

Book / Working Paper

Optimal monetary policy in open economies

Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain - 2010

Book / Working Paper

Optimal monetary policy in open economies

Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain - 2010

Book / Working Paper

Optimal monetary policy in open economies

Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain - 2010

Book / Working Paper

Changes in the number of varieties, consumption home bias and long-run macroeconomic fluctuations

Lai, Chung-Fu - 2016

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011560833

Fiscal policy in a floating exchange rate regime with consumption home bias

Lai, Chung-Fu; Wang, Wen-Fang - 2016

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011494666

Anti-dumping duties and macroeconomic dynamics in a fixed ecxhange rate regime

Lai, Chung-Fu - 2016

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011621272

Wirtschaftliche Krisen bewältigen : Neue Erkenntnisse aus den jüngsten Krisen

Horn, Gustav A. - 2016 - 1. Aufl. 2016

Darstellung der Krisen -- Beschreibung der Unsicherheit -- Geldpolitische Maßnahmen und ihre Wirkungen -- Fiskalpolitik -- Arbeitsmarktpolitik -- Ein abgestimmtes Konzept zur Krisenbekämpfung -- Folgen für die Wirtschaftspolitik.

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014017736

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Wirtschaftliche Krisen bewältigen : neue Erkenntnisse aus den jüngsten Krisen

Horn, Gustav A. - 2016

Book / Working Paper