Endogenous time preference in small open economy models.

Chan Chung Yan.Thesis (M.Phil.)--Chinese University of Hong Kong, 2004.Includes bibliographical references (leaves 57-59).Abstracts in English and Chinese.Abstract --- p.iAcknowledgement --- p.ivTable of Contents --- p.vList of Figures --- p.viChapter 1. --- Introduction --- p.1Chapter 2. --- An Illustration with a Small Open Economy ModelChapter 2.1 --- Review of Obstfeld (1990) --- p.4Chapter 2.2 --- A Model with Socially-Determined Time Preference --- p.6Chapter 3. --- Small Open Economy Models with Socially-Determined Time Preference --- p.15Chapter 3.1 --- The Laursen-Metzler Effect --- p.16Chapter 3.2 --- Exchange-Rate Dynamics --- p.21Chapter 3.3 --- Capital Mobility and Devaluation --- p.28Chapter 4. --- Dynamics of a Small Open Economy Model with Non-Flat Bond Curves --- p.35Chapter 4.1 --- Downward-Sloping Bond Curve --- p.38Chapter 4.2 --- Upward-Sloping Bond Curve --- p.38Chapter 5. --- Investment and Saving in a Small Open Economy Model with Capital AccumulationChapter 5.1 --- The Model --- p.41Chapter 5.2 --- Productivity Shocks --- p.46Chapter 6. --- Saddle-Path Stability of a Closed Economy Growth Model --- p.49Chapter 7. --- Conclusion --- p.54References --- p.57Appendix --- p.6