Welfare effects of business cycles and monetary policies in a small open emerging economy

DOI10.1016/J.JEDC.2022.104316MaRDI QIDQ2115977zbMATH OpenOpenAlexWikidataFDO

Authors Jolan Mohimont

Publication date 15 March 2022

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL http://hdl.handle.net/10419/238163

zbMATH Keywords

monetary policylabor marketsDSGEidiosyncratic risksemerging economiesfinancial exclusionSOE

Mathematics Subject Classification ID

Game theory, economics, finance, and other social and behavioral sciences (91-XX)

Recommendations

• Inequality, business cycles, and monetary-fiscal policy
• WELFARE COST OF MONETARY AND FISCAL POLICY SHOCKS
• The asymmetric effects of monetary policy on the business cycle: evidence from the panel smoothed quantile regression model
• Optimal monetary policy rules, financial amplification, and uncertain business cycles
• The implication of subsistence consumption for economic welfare

Cites work

• A Bayesian approach to dynamic macroeconomics
• Linear-quadratic approximation of optimal policy problems
• Monetary Policy and Exchange Rate Volatility in a Small Open Economy
• Precautionary savings, illiquid assets, and the aggregate consequences of shocks to household income risk
• Solving dynamic general equilibrium models using a second-order approximation to the policy function
• The (un)importance of unemployment fluctuations for the welfare cost of business cycles
• The Terms of Trade, the Real Exchange Rate, and Economic Fluctuations
• Volatility and welfare

Cited in

(2)

• BUSINESS CYCLES IN SMALL OPEN ECONOMIES: EVIDENCE FROM PANEL DATA BETWEEN 1900 AND 2013
• The implication of subsistence consumption for economic welfare

Describes a project that uses

Uses Software

• Dynare

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