Commodity price shocks, labour market dynamics and monetary policy in small open economies

DOI10.1016/j.jedc.2023.104654zbMath1518.91166OpenAlexW4365458333MaRDI QIDQ6111419

Ruthira Naraidoo, Juan Paez-Farrell

Publication date: 6 July 2023

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2023.104654

zbMATH Keywords

inflationcommodity pricesmonetary policyunemploymentemerging marketsDSGE modellingsearch and matchingDutch diseaseBayesian impulse response matching

Mathematics Subject Classification ID

Economic time series analysis (91B84) Macroeconomic theory (monetary models, models of taxation) (91B64) Dynamic stochastic general equilibrium theory (91B51) Labor markets (91B39)

Cites Work

• Introducing financial frictions and unemployment into a small open economy model
• Unemployment and Business Cycles
• HOW IMPORTANT ARE TERMS‐OF‐TRADE SHOCKS?
• The Terms of Trade, the Real Exchange Rate, and Economic Fluctuations

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