Estimating the natural rate of interest in an open economy
Sign Up to like & getrecommendations! Published in 2018 at "Empirical Economics"
DOI: 10.1007/s00181-017-1315-5
Abstract: The concept of the natural or equilibrium rate of interest has attracted a lot of attention from monetary policymakers in recent years. Most attempts to estimate the natural rate use a closed-economy framework. We argue… read more here.
Keywords: open economy; rate interest; rate; natural rate ... See more keywords
Uncertain Potential Output and Simple Rules in Small Open Economy
Sign Up to like & getrecommendations! Published in 2017 at "Computational Economics"
DOI: 10.1007/s10614-016-9601-4
Abstract: This paper analyzes the implications of incomplete information for the conduct of monetary policy in small-open economy. I use a standard theoretical DSGE model to evaluate the performance of simple rules, including the exchange rate… read more here.
Keywords: simple rules; small open; open economy; output ... See more keywords
Assessing Productivity Gains from International Trade in a Small Open Economy
Sign Up to like & getrecommendations! Published in 2018 at "Open Economies Review"
DOI: 10.1007/s11079-018-9498-8
Abstract: Empirical evidence suggests that exporter firms tend to charge higher markups than non-exporters due to trade barriers. The exporters’ markup premium, however, may disappear in a special case, namely when the home country is small… read more here.
Keywords: productivity; small open; open economy; trade ... See more keywords
Saving, fertility and public policy in an overlapping generations small open economy
Sign Up to like & getrecommendations! Published in 2019 at "Economic Modelling"
DOI: 10.1016/j.econmod.2018.12.003
Abstract: Abstract Motivated by the recent increase of public debt experienced by many developed countries, we develop an OLG model to provide the fiscal policies needed for any public debt level to be sustainable in steady… read more here.
Keywords: small open; fertility; open economy; saving fertility ... See more keywords
Tax and spending shocks in the open economy: Are the deficits twins?
Sign Up to like & getrecommendations! Published in 2019 at "European Economic Review"
DOI: 10.1016/j.euroecorev.2019.103300
Abstract: We present evidence on the open economy consequences of US fiscal policy shocks identified through proxy-instrumental variables. Tax shocks and government spending shocks that raise the government budget deficit lead to persistent current account deficits.… read more here.
Keywords: open economy; tax; current account; spending shocks ... See more keywords
Long-run convergence in a neo-Kaleckian open-economy model with autonomous export growth
Sign Up to like & getrecommendations! Published in 2017 at "Journal of Post Keynesian Economics"
DOI: 10.1080/01603477.2016.1262745
Abstract: ABSTRACT This study combines a neo-Kaleckian growth and distribution model with a sort of Sraffian supermultiplier mechanism in which autonomous demand is driven by foreign exports. Short-, medium- and long-run equilibria are considered. In the… read more here.
Keywords: open economy; neo kaleckian; model; growth ... See more keywords
Open economy politics and Brexit: insights, puzzles, and ways forward
Sign Up to like & getrecommendations! Published in 2017 at "Review of International Political Economy"
DOI: 10.1080/09692290.2017.1307245
Abstract: ABSTRACT On 23 June 2016, a majority of 52% of British voters decided in a referendum that the United Kingdom should leave the European Union. The decision sent shockwaves around Britain, Europe, and the world:… read more here.
Keywords: open economy; economy politics; brexit insights; politics brexit ... See more keywords
Empirical research on the relationship between open economy and carbon emission
Sign Up to like & getrecommendations! Published in 2017 at "Journal of Interdisciplinary Mathematics"
DOI: 10.1080/09720502.2017.1382209
Abstract: Abstract The paper aims to analyze the relationship between open economy and carbon emissions. It uses revised Cole model so as to analyze the influence of foreign direct investment, outward foreign direct investment and international… read more here.
Keywords: carbon emissions; carbon; open economy; economy carbon ... See more keywords
Budget consolidation in a small open economy: a case study for Slovenia
Sign Up to like & getrecommendations! Published in 2019 at "Post-Communist Economies"
DOI: 10.1080/14631377.2018.1537735
Abstract: ABSTRACT In this article, we use the macroeconometric model SLOPOL10 to calculate simulations of the development of the Slovenian economy until 2030. Starting from the present favourable prospects of the European economies, the forecast is… read more here.
Keywords: small open; case; open economy; economy ... See more keywords
Environmental Policy and Firm Selection in the Open Economy
Sign Up to like & getrecommendations! Published in 2021 at "Journal of the Association of Environmental and Resource Economists"
DOI: 10.1086/713040
Abstract: In this paper, we analyze the effects of a unilateral change in an emissions tax in a model of international trade with heterogeneous firms. We find a positive effect of tighter environmental policy on average… read more here.
Keywords: policy; selection open; firm selection; open economy ... See more keywords
Open Economy or Protectionism: Ukraine’s Dilemma
Sign Up to like & getrecommendations! Published in 2018 at "Montenegrin journal of economics"
DOI: 10.14254/1800-5845/2018.14-3.8
Abstract: Received June 21, 2018 Revised from June 30, 2018 Accepted August 20, 2018 Available online September 15, 2018 Since 1991, Ukraine has had several economic crises (1991-1999, 2009, ongoing since 2014) and a period of… read more here.
Keywords: economy protectionism; open economy; ukraine dilemma; protectionism ... See more keywords