Does trade openness matter for aggregate instability?

DOI10.1016/J.JEDC.2004.06.001MaRDI QIDQ956424zbMATH OpenOpenAlexFDO

Authors Fiorella De Fiore, Zheng Liu

Publication date 25 November 2008

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.2004.06.001

zbMATH Keywords

interest rate rulestrade opennessequilibrium indeterminacy

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Trade models (91B60)

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Cites work

• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*
• Monetary Policy and Exchange Rate Volatility in a Small Open Economy
• The perils of Taylor rules

Cited in

(15)

• Inflation persistence and robust monetary policy design
• Inflation illusion and the Taylor principle: an experimental study
• The butterfly effect of small open economies
• Limited participation and exchange rate dynamics: does theory meet the data?
• Interactions between monetary and fiscal policy under flexible exchange rates
• Real wage rigidity and the Taylor principle
• Interest rate rules, endogenous cycles, and chaotic dynamics in open economies
• Analysing DSGE models with global sensitivity analysis
• Monetary policy regime switches and macroeconomic dynamics
• Instability and trade in currency areas
• Currency substitution, risk premia and the Taylor principle
• Trade openness, capital mobility, and the sacrifice ratio
• Monetary policy and determinacy: an inquiry into open economy New Keynesian macrodynamics
• Openness to trade and the potency of monetary policy: How strong is the relationship?
• Trade costs and the open macroeconomy

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