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

DOI10.1016/J.JEDC.2005.04.006zbMath1200.91191OpenAlexW3124928680WikidataQ115041696 ScholiaQ115041696MaRDI QIDQ956550

Alan Sutherland

Publication date: 25 November 2008

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2005.04.006

zbMATH Keywords

monetary policyexchange rateswelfare

Mathematics Subject Classification ID

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

Related Items (6)

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 ⋮ Transmission of Nominal Exchange Rate Changes to Export Prices and Trade Flows and Implications for Exchange Rate Policy ⋮ Specific factors and International monetary policy coordination

Cites Work

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

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