The Cost of Disinflation in a Small Open Economy Vis-À-Vis a Closed Economy

نویسندگان

چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Capital Accumulation and Convergence in a Small Open Economy

 Outward-oriented economies seem to grow faster than inward-looking ones. Does the literature on convergence have anything to say on this? In the dynamic Heckscher-Ohlin-Samuelson model, with factor-price equalization, there is no convergence of incomes. This is because with identical preferences and return to capital, irrespective of initial levels the growth rates of consumption are the same....

متن کامل

Ultimate Truth vis-à-vis stable Truth

We show that the set of ultimately true sentences in Hartry Field’s Revenge-immune solution model to the semantic paradoxes is recursively isomorphic to the set of stably true sentences obtained in Hans Herzberger’s revision sequence starting from the null hypothesis. We further remark that this shows that a substantial subsystem of second order number theory is needed to establish the semantic...

متن کامل

Vis-à-vis Cryptography: Private and Trustworthy In-Person Certifications

The growing role of mobile devices in previously face to face interactions presents new domains for cryptographic applications. At the same, time the increased role of digital systems raises new security and privacy issues. With some thirty thousand notifications sent, inSPOT.org’s electronic notification of exposure to sexually transmitted infections is one such concerning development. This pa...

متن کامل

The ‘ New Keynesian ’ Phillips curve : closed economy versus open economy

The paper extends Woodford’s [Optimizing models with nominal rigidities, Chapter 3 of Interest and prices: foundations of a theory of monetary policy, Princeton University, 2000; unpublished manuscript] analysis of the closed economy Phillips curve to an open economy with both commodity trade and capital mobility. We show that consumption smoothing, which comes with the opening of the capital m...

متن کامل

Disinflation in an Open-Economy Staggered-Wage DGE Model:

A dynamic general equilibrium model of an open economy with staggered wages is constructed. We analyse disinflation through pegging the exchange rate. In accordance with the stylised facts, an initial boom in output can result, depending on the exact level of the peg. The reason is an element of preannouncement in the policy. Disinflation through reducing monetary growth is shown to be equivale...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Social Science Research Network

سال: 2022

ISSN: ['1556-5068']

DOI: https://doi.org/10.2139/ssrn.4212233