منابع مشابه
Inflation Dynamics in a Dutch Disease Economy
Abstract In this paper, the effect of foreign sector macro-variable on inflation dynamics and firms’ pricing behavior has been investigated in the context of a small open economy New Keynesian Phillips Curve. This curve is derived and estimated for a developing oil-exporting economy suffering from Dutch Disease. This version of NKPC is an extension of Leith and Malley’s (2007) small open econom...
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In the context of recent oil prices fall and resulting budgetary problems faced by KSA, it is very interesting to examine the country’s overdependence on oil revenues. In this paper, we examine whether extreme oil dependence for Saudi Arabia is the symptom of Dutch Disease. We first provide a brief review of the literature on Dutch Disease and the natural resource curse. We then discuss the sym...
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A gas prepared in a non-equilibrium state will approach equilibrium and stay there. An influential contemporary approach to Statistical Mechanics explains this behaviour in terms of typicality. However, this explanation has been criticised as mysterious as long as no connection with the dynamics of the system is established. We take this criticism as our point of departure. Our central claim is...
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Dilation occurs when upper and lower probability estimates of some event E are properly included in the upper and lower probability estimates of the probability of E conditional on another event F , resulting in a change from a more precise estimate of E to a less precise estimate of E upon learning F . Strict dilation occurs when E is dilated by every event in a partition, which means that som...
متن کاملinflation dynamics in a dutch disease economy
abstract in this paper, the effect of foreign sector macro-variable on inflation dynamics and firms’ pricing behavior has been investigated in the context of a small open economy new keynesian phillips curve. this curve is derived and estimated for a developing oil-exporting economy suffering from dutch disease. this version of nkpc is an extension of leith and malley’s (2007) small open econom...
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ژورنال
عنوان ژورنال: Journal of International Commerce, Economics and Policy
سال: 2015
ISSN: 1793-9933,1793-9941
DOI: 10.1142/s1793993315500106