Macroeconomic Policy Dilemma in an Open Economy

Macroeconomic Policy in a World Economy

The text of this book is composed in Baskerville, with display type set in Optima. Macroeconomic policy in a world economy : from econometric design to practical operation / John B. Taylor. p. cm.

Competition Policy in an Open Economy

We examine the setting of national competition policy in a two-country setting, emphasizing the relationship of trade to the goals of competition policy (such as the degree and nature of competition). The issues we address involve the general equilibrium distributional effects of competition policy, the relationship of national competition policy to terms-of-trade gains and losses, the implicat...

Seminar Paper 98-06 Competition Policy in an Open Economy

Open Economy, Institutional Quality, and Environmental Performance: A Macroeconomic Approach

As the subject of how economic development affects the quality of the natural environment has gained great momentum, this paper focuses on examining the extent to which the openness of a market economy and the quality of the institution affect environmental performance. The majority of the current studies focus on the Environmental Kuznets Curve and the level of economic growth. This paper addr...

Viable Solutions to an Open Economy Monetary Policy Problem

In Krawczyk and Kim (Macroeconomics, 2009), we studied the problem of setting monetary policy in a closed economy using viability theory. Policies derived from the application of viability theory are ‘good enough’, rather than ‘optimal’. In this paper, we extend the analysis to a small open-economy model where the exchange rate becomes an additional channel for the transmission of monetary poli...