Small open economy
Business cycles in a small open economy with a banking sector
... This paper studies the interest-rate-driven business cycles of a small open economy (SOE). For than end a costly operated banking system is added to the standard real-business-cycles model. Banks are ...
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Vista de Inflation Volatility and Growth in a Stochastic Small Open Economy: A Mixed Jump-Diffusion Approach | Economía teoría y práctica
... This research will develop a general equilibrium stochastic macroecono- mic model useful to explain how inflation volatility affects economic growth in a small open economy with a financial sector. ...
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Credit spreads and monetary policy in a small open economy: an analysis of the colombian economy
... The estimated parameters are based on two Metropolis-Hastings samples of 100,000, burning the first 50,000 on each one. It seems that the data set is informative over most parameters since the estimated standard ...
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DT 11/15 - The long-run relationship between CO2 emissions and economic activity in a small open economy: Uruguay 1882 - 2010
... the economy but with a very unstable ...the economy recovered its dynamism, it went through new deep crises (followed by recoveries) as the ones that happened in the beginning of the 1980s and the 2000s, ...
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DT 15/13 - Exports and real exchange rates in a small open economy
... Keynesian open economy model (IS-LM-BP), developed by Mundell-Fleming, the RER appears as one of the determinants of aggregate demand, through its impact on ...
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The Small-Open-Economy Real-Business-Cycle Model
... To match second moments of the data the model aims to explain: The remaining five parameters are set to match the following second moments of Canadian data at business-cycle frequency: A[r] ...
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The New Open Economy Macroeconomics IS Curve a Requiem and a Redux
... The NOEM models that have derived an IS curve did not pay attention to the fact that in a small open economy, with perfect capital mobility, the natural rate of interest should be equal to the ...
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State-dependent nominal rigidities & disinflation programs in small open economies
... Experiences of high-inflation economies suggest that exchange rate-based (ERB) and money-based (MB) disinflations induce sharply different dynamics in consumption and GDP. I study the role of nominal rigidities to ...
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"Uncertainty shocks in Colombia - characterization and effects"
... a small open economy, so impulse response analysis can be made, as well as a base for policy implications ...a small open economy (following Medina and Soto (2005)), and the ...
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A country-risk approach to the business cycle. With an application to Argentina
... a small open economy subject to perfect capital mobility and country ...the economy: that of consumption goods (the system numeraire) and that of capital goods, ...the economy grows and ...
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The Advantage of Tying One s Hands: Revisited
... a small open economy based on McCallum and Nelson (1999) and Galı` and Monacelli (2005), in which monetary policy is endogenously modelled, with the nominal interest rate as the policy ...
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Política Monetaría – Jordi Gali
... a small open ...a small open economy with several sources of shocks, and carries out a numerical analysis of the welfare implications of alternative ...
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Banking in small open economies with aggregate liquidity shocks
... a small open economy with aggre- gate preference ...period economy, each consumer may become impatient (early consumer) or patient (late ...
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Collateral Constraints and Macroeconomic adjustment in an open Economy
... canonical small open economy Ramsey model with adjustment costs for investment and added a borrowing constraint in the tradition of Cohen and Sachs (1986) and Kiyotaki and Moore ...
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Patterns and drivers of cultural economy in Spain’s extra metropolitan small towns
... the small towns studied, we performed an inverse analysis, looking to capture whether any of the characteristics explaining culture —the size of the local economy, human capital and cultural expenditure— ...
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A model of medium term exchange rate forecast in an open economy
... an open economy adjusted statistically by a logarithmic function; however, we note the absence of a perma- nent measure and unexpected volatility of exchange ...
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Los Cursos Online Masivos Abiertos (MOOC) como una oportunidad para las PYMES en sus procesos de capacitación
... Online Open Courses (o cursos online masivos y abiertos), con el surgimiento del internet la educación ha visto nacer nuevos procesos y formas de impartir ...
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Lavoie, M. (2000)The reflux mechanism in the open economy
... Finally, the last two crucial relations are the covered interest parity relation (CIP) and the uncovered interest parity relation (UIP). These two relations can be found in all (or at least most) formal models of ...
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Money demand in an open economy framework: Argentina (1932-2002)
... an open-economy model that is explicitly based on the optimizing behavior of the households and that captures the main features of the Argentine economy, we obtain a long-run money demand ...
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Export Pricing In New Open Economy Macroeconomics: An Empirical Investigation
... Columns report the median coefficient across all 94 products and the number of significantly positive (at 5%) and significantly negative coefficients. Bilateral distance[r] ...
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