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New Open Economy Macroeconomics [PDF]

open access: yes, 2008
The New Open Economy Macroeconomics refers to a vast body of literature embracing a new theoretical framework for policy analysis in open economy, with the goal of overcoming the limitations of the Mundell-Fleming model, while preserving the empirical wisdom and policy friendliness of traditional analysis.
Giancarlo Corsetti
core   +9 more sources

IS INTERNATIONAL MONETARY POLICY COORDINATION FEASIBLE FOR THE ASEAN-5 + 3 COUNTRIES?

open access: yesBuletin Ekonomi Moneter dan Perbankan, 2023
We examine the feasibility of international monetary policy coordination among the ASEAN-5 + 3 countries using the two-production-factor Dynamic Stochastic General Equilibrium (DGSE) models.
Eric Alexander Sugandi
doaj   +1 more source

How Resilient Is the U.S. Economy to Foreign Disturbances?

open access: yesMathematics, 2022
We assess the relative importance of domestic and foreign disturbances in explaining fluctuations in key macroeconomic variables and find that both types of shocks are equally important.
Olayinka Oyekola
doaj   +1 more source

Exchange rate misalignment, capital accumulation and income distribution: Theory and evidence from the case of Brazil [PDF]

open access: yesPanoeconomicus, 2013
This article analyzes the relationship between economic growth, income distribution and real exchange rate within the neo-Kaleckian literature, through the construction of a nonlinear macrodynamic model for an open economy in which investment in fixed
Oreiro José Luis, Araujo Eliane
doaj   +1 more source

The impact of oil price shocks on macroeconomic indicators: Evidence from four ASEAN countries

open access: yesEconomic Journal of Emerging Markets, 2022
Purpose ― This study examines the impact of oil price shocks on macroeconomic indicators, namely real GDP, real exchange rates, inflation, real interest rates, the balance of payments, and unemployment rates in four ASEAN countries, namely Brunei ...
Adawiya Taufani   +2 more
doaj   +1 more source

Country Attractiveness: Analysis of the Main Factors

open access: yesФинансы: теория и практика, 2020
Attracting investment is a relevant issue for any economy. The aim of the research is to study the factors affecting the inflow of foreign direct investment (FDI) by the example of countries leading in attracting FDI and countries of the Eurasian ...
A. G. Avetisyan
doaj   +1 more source

Interest Rates Targeting of Monetary Policy: An Open Economy SVAR Study of Malaysia

open access: yesGadjah Mada International Journal of Business, 2014
This paper examines the implementation of monetary policy during the interest rates targeting in a small-open economy (i.e. Malaysia) by using an open-economy structural VAR (SVAR) study.
Zulkefly Abdul Karim, Bakri Abdul Karim
doaj   +1 more source

La scuola svedese e la teoria macroeconomica: riflessioni su una piccola economia aperta operante in regime di cambi flessibiliThe Swedish School and macroeconomic theory: Reflections on a small open economy operating within a regime of flexible exchanges

open access: yesMoneta e Credito, 2013
The Swedish School, with its representatives Ohlin, Hammarskjöld and Lindahl, madeimportant contributions to the economic theory of the open economy, even if such contributions have never been at the centre of attention of economists, probably due to ...
D. TROPEANO
doaj   +1 more source

The Effect of Alternative Measures of Distance on the Correlation of Real Effective Exchange Rate Returns: An Approach to Contagion Analysis

open access: yesInternational Journal of Financial Studies, 2018
The topic of contagion has gained importance in the last few decades, earning its place amongst the most debated topics in international economics.
Jean Coulom, Vijay Shenai
doaj   +1 more source

On “open-economy macroeconomics using models of closed systems”

open access: yesDiscrete Dynamics in Nature and Society, 2001
International macroeconomic crises occur because of the enlargement of the dimension of the state space within which economies operate. Our focus is the recent financial turbulence worldwide in which (i) banks had a role to play and (ii) whole systems ...
Romar Correa, Shubhada Damle
doaj   +1 more source

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