The role of net foreign assets in a New Keynesian small open economy model

DOI10.1016/J.JEDC.2007.05.011MaRDI QIDQ844680zbMATH OpenOpenAlexWikidataFDO

Authors Fabio Ghironi

Publication date 19 January 2010

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

Full work available at URL https://doi.org/10.1016/j.jedc.2007.05.011

zbMATH Keywords

sticky pricesnet foreign assetssmall open economymarkupmodel stationarity

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic dynamics (91B55)

Recommendations

• Productivity shocks, stabilization policies and the dynamics of net foreign assets
• ASSET PRICES, OUTPUT AND MONETARY POLICY IN A SMALL OPEN ECONOMY
• Dynamic adjustment and debt accumulation in a small open economy
• Ramsey policies in a small open economy with sticky prices and capital
• The `New Keynesian' Phillips curve: closed economy versus open economy.

Cites work

• Business Cycles and the Asset Structure of Foreign Trade
• Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?
• DYNAMICS OF OPEN-ECONOMY BUSINESS-CYCLE MODELS: ROLE OF THE DISCOUNT FACTOR
• Interest rate rules for fixed exchange rate regimes
• International Business Cycles with Endogenous Incomplete Markets
• International Lending and Borrowing in a Stochastic, Stationary Equilibrium
• International Risk Sharing and the Transmission of Productivity Shocks
• Monetary Policy and Exchange Rate Volatility in a Small Open Economy
• Monopolistic Price Adjustment and Aggregate Output
• Price Stability in Open Economies
• Tobin's Marginal q and Average q: A Neoclassical Interpretation
• Welfare and macroeconomic interdependence

Cited in

(4)

• A dynamic New Keynesian life-cycle model: societal aging, demographics, and monetary policy
• Productivity shocks, stabilization policies and the dynamics of net foreign assets
• A tradeoff between the output and net foreign asset effects of pension reform
• ASSET PRICES, OUTPUT AND MONETARY POLICY IN A SMALL OPEN ECONOMY

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