The transmission of domestic shocks in open economies
In: Discussion paper series 6574
In: International macroeconomics
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In: Discussion paper series 6574
In: International macroeconomics
In: International finance discussion papers 859
In: International finance discussion papers 792
In: International finance discussion papers 825
In: International finance discussion papers 748
In: Journal of Monetary Economics, Band 50, Heft 5, S. 1147-1152
In: American economic review, Band 92, Heft 2, S. 85-89
ISSN: 1944-7981
In: Journal of Monetary Economics, Band 53, Heft 7, S. 1341-1359
In: Journal of economic dynamics & control, Band 37, Heft 2, S. 422-445
ISSN: 0165-1889
In: IMF Working Paper No. 13/245
SSRN
Working paper
In: American economic review, Band 102, Heft 3, S. 186-191
ISSN: 1944-7981
his paper uses a New Keynesian DSGE model of a small open economy to compare how the effects of fiscal consolidation differ depending on whether monetary policy is constrained by currency union membership or by the zero lower bound on policy rates. We show that there are important differences in the impact of fiscal shocks across these monetary regimes that depend both on the duration of the zero lower bound and on features that determine the responsiveness of inflation.
In: FRB International Finance Discussion Paper No. 1063
SSRN
Working paper
In: FRB International Finance Discussion Paper No. 1046
SSRN
Working paper
In: NBER International Seminar on Macroeconomics, Band 7, Heft 1, S. 95-136
ISSN: 2150-8372
In: Journal of Monetary Economics, Band 50, Heft 4, S. 915-944