The expenditure switching effect, welfare and monetary policy in a small open economy

DOI10.1016/J.JEDC.2005.04.006MaRDI QIDQ956550zbMATH OpenOpenAlexWikidataFDO

Authors Alan Sutherland

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.2005.04.006

zbMATH Keywords

exchange ratesmonetary policywelfare

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Special types of economic markets (including Cournot, Bertrand) (91B54) Welfare economics (91B15)

Recommendations

• The quantitative importance of the expenditure-switching effect
• Monetary Policy and Exchange Rate Volatility in a Small Open Economy
• Monetary Policy in the Open Economy Revisited: Price Setting and Exchange-Rate Flexibility
• Exchange rate policies and endogenous time preference: a dynamic analysis of a small open economy
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Cites work

• Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?
• Exchange Rate Dynamics with Sluggish Prices under Alternative Price-Adjustment Rules
• Global Implications of Self-Oriented National Monetary Rules
• IMPLEMENTING INTERNATIONAL MONETARY COOPERATION THROUGH INFLATION TARGETING
• Monetary Policy and Exchange Rate Volatility in a Small Open Economy
• Monetary Policy in the Open Economy Revisited: Price Setting and Exchange-Rate Flexibility
• Price Stability in Open Economies
• Solving dynamic general equilibrium models using a second-order approximation to the policy function
• Welfare and macroeconomic interdependence

Cited in

(7)

• Specific factors and International monetary policy coordination
• Exchange rate policies and endogenous time preference: a dynamic analysis of a small open economy
• Transmission of nominal exchange rate changes to export prices and trade flows and implications for exchange rate policy
• The international transmission of monetary policy in a dollar pricing model
• The quantitative importance of the expenditure-switching effect
• Local currency pricing, foreign monetary shocks and exchange rate policy
• Ramsey policies in a small open economy with sticky prices and capital

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