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2009
The balance of payments and the international investment position are designed to measure and present an economy’s external activity engaged with the rest of the world, such as flows of goods, services and capital during certain periods and the accumulated stocks of assets or liabilities at certain times.
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The balance of payments and the international investment position are designed to measure and present an economy’s external activity engaged with the rest of the world, such as flows of goods, services and capital during certain periods and the accumulated stocks of assets or liabilities at certain times.
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An Open-Economy Macroeconomic Model
1987One of the principal trends in economics over recent years has been to place considerable emphasis on the need to examine the various interlinkages that exist between economies, and to move away from models which concentrate on the operation of closed systems.
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Open macroeconomics in an open economy [PDF]
, 1997 There are three pillars of the new Labour Government''s approach to economic policy: delivering macroeconomic stability, tackling the supply-side barriers to growth and delivering employment and economic opportunities to all. This lecture focuses on the reforms the new government has introduced in order to deliver macroeconomic stability and why open ...
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Putting the ‘New Open Economy Macroeconomics’ to a Test
Journal of International Economics, 2003 This paper offers an initial formal test of the New Open Economy Macroeconomics. It adapts maximum likelihood procedures to estimate and test an intertemporal small open economy model with monetary shocks and sticky prices and wages.
Paul R. Bergin
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For this two-volume set the editor has selected the key contributions to the field of open economy macroeconomics which have been made over the past half century and more. The articles selected cover traditional open economy models, first generation intertemporal open economy models, the structure of open economy macro-models, some controversies and ...
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2018
This chapter presents the basic concepts of open economy macroeconomics. Sections 8.1 and 8.2 discuss arbitrage-pricing models for goods and services in international trade and for interest rates in the capital flow between countries. Section 8.3 introduces the Marshall-Lerner condition, which sets a condition for a positive correlation between the ...
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This chapter presents the basic concepts of open economy macroeconomics. Sections 8.1 and 8.2 discuss arbitrage-pricing models for goods and services in international trade and for interest rates in the capital flow between countries. Section 8.3 introduces the Marshall-Lerner condition, which sets a condition for a positive correlation between the ...
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Open Macroeconomics in an Open Economy
Scottish Journal of Political Economy, 1998There are three pillars to the new Labour Government’s approach to economic policy; delivering macroeconomic stability, tackling supply‐side barriers to growth and delivering employment and economic opportunities to all. This lecture focuses on the new Government’s reforms to deliver macroeconomic stability and the importance of open and transparent ...
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Essays in open economy macroeconomics
2009This thesis consists of three essays. The first paper examines the choice of exchange rate regime in partially dollarized developing economies. The second paper explores stability consequences of various combinations of alternative monetary and fiscal policy rules for the new European Union (EU) countries in the process of their accession to the Euro ...
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Open Economy Macroeconomics and Sanctions
2007One way to combine both the qualitative analyses that have been a constant throughout the sanction canon and quantitative tests of sanction effectiveness is to view sanctions as macroeconomic policy choices, analogous to monetary or fiscal policies.
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