Interest Rate Rules, Endogenous Cycles, and Chaotic Dynamics in Open Economies PDF Download
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Author: Mr.Marco Airaudo
Publisher: International Monetary Fund
ISBN: 1475546416
Category : Business & Economics
Languages : en
Pages : 68
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Book Description
We present an extensive analysis of the consequences for global equilibrium determinacy in flexible-price open economies of implementing active interest rate rules, i.e., monetary rules where the nominal interest rate responds more than proportionally to inflation. We show that conditions under which these rules generate aggregate instability by inducing liquidity traps, endogenous cycles, and chaotic dynamics depend on specific characteristics of open economies. In particular, rules that respond to expected future inflation are more prone to induce endogenous cyclical and chaotic dynamics the more open the economy to trade.
Author: Mr.Marco Airaudo
Publisher: International Monetary Fund
ISBN: 1475546416
Category : Business & Economics
Languages : en
Pages : 68
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Book Description
We present an extensive analysis of the consequences for global equilibrium determinacy in flexible-price open economies of implementing active interest rate rules, i.e., monetary rules where the nominal interest rate responds more than proportionally to inflation. We show that conditions under which these rules generate aggregate instability by inducing liquidity traps, endogenous cycles, and chaotic dynamics depend on specific characteristics of open economies. In particular, rules that respond to expected future inflation are more prone to induce endogenous cyclical and chaotic dynamics the more open the economy to trade.
Author:
Publisher: ScholarlyEditions
ISBN: 1490109501
Category : Business & Economics
Languages : en
Pages : 1193
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Book Description
Issues in General Economic Research and Application: 2013 Edition is a ScholarlyEditions™ book that delivers timely, authoritative, and comprehensive information about Theoretical Economics. The editors have built Issues in General Economic Research and Application: 2013 Edition on the vast information databases of ScholarlyNews.™ You can expect the information about Theoretical Economics in this book to be deeper than what you can access anywhere else, as well as consistently reliable, authoritative, informed, and relevant. The content of Issues in General Economic Research and Application: 2013 Edition has been produced by the world’s leading scientists, engineers, analysts, research institutions, and companies. All of the content is from peer-reviewed sources, and all of it is written, assembled, and edited by the editors at ScholarlyEditions™ and available exclusively from us. You now have a source you can cite with authority, confidence, and credibility. More information is available at http://www.ScholarlyEditions.com/.
Author: Herbert Dawid
Publisher: Springer Nature
ISBN: 3030529703
Category : Business & Economics
Languages : en
Pages : 244
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Book Description
This book analyses decision-making in dynamic economic environments. By applying a wide range of methodological approaches, combining both analytical and computational methods, the contributors examine various aspects of optimal firm behaviour and relevant policy areas. Topics covered include optimal control, dynamic games, economic decision-making, and applications in finance and economics, as well as policy implications in areas such as pollution regulation. This book is dedicated to Christophe Deissenberg, a well-known and distinguished scholar of economic dynamics and computational economics. It appeals to academics in the areas of optimal control, dynamic games and computational economics as well as to decision-makers working in policy domains such as environmental policy.
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1475510683
Category : Business & Economics
Languages : en
Pages : 17
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Book Description
The research summaries in the September 2012 issue of the IMF Research Bulletin are "Surges in Capital Flows: Why History Repeats Itself" (by Mahvash S. Qureshi) and "The LIC-BRIC Linkage: Growth Spillovers" (by Issouf Samake, Yongzheng Yang, and Catherine Pattillo). The Q&A covers "Seven Questions on Monetary Transmission in Low-Income Countries" (by Prachi Mishra and Peter Montiel). "Conversations with a Visiting Scholar" features an interview with IMF Fellow Olivier Coibion. Also included in this issue are details on the IMF Fellowship Program, visiting scholars at the IMF, a listing of recently published IMF Working Papers and Staff Discussion Notes, and an announcement on IMF Economic Review's first Impact Factor.
Author:
Publisher:
ISBN:
Category : International finance
Languages : en
Pages : 72
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Book Description
Author: Kazuo Mino
Publisher: Springer
ISBN: 4431556095
Category : Business & Economics
Languages : en
Pages : 240
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Book Description
Over the past two decades, the issue of equilibrium indeterminacy has been one of the major research concerns in macroeconomic dynamics. Growth and Business Cycles with Equilibrium Indeterminacy discusses the main topics in this literature. Based on comprehensive surveys and the author’s original research, this book explores sunspot-driven fluctuations in real business cycle models, multiple equilibria in endogenous growth models, and the stabilization effects of fiscal and monetary policy rules. The book also considers equilibrium indeterminacy in open economy models.
Author: Martin Bodenstein
Publisher:
ISBN:
Category : Econometric models
Languages : en
Pages : 66
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Book Description
Author: Christopher J. Gust
Publisher:
ISBN:
Category : Imports
Languages : en
Pages : 54
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Book Description
Author: Jean-Olivier Hairault
Publisher: Routledge
ISBN: 1134426135
Category : Electronic books
Languages : en
Pages : 320
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Book Description
This book builds upon the seminal work by Obsfeld and Rogoff, Foundations of International Macroeconomics and provides a coherent and modern framework for thinking about exchange rate dynamics.
Author: Jaime R. Marquez
Publisher:
ISBN:
Category : China
Languages : en
Pages : 62
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Book Description
