Add to ORKGCan the structure of asset markets change the way monetary policy should be conducted? Following a linear-quadratic approach, the present paper addresses this question in a New Keynesian small open economy framework. Our results reveal that the configuration of asset markets significantly affects optimal monetary policy and the performance of standard policy rules. In particular, when comparing complete and incomplete markets, the ranking of policy rules is entirely reversed, and so are the policy prescriptions regarding the optimal level of exchange rate volatility.Welfare, Optimal Monetary Policy, Asset Markets, Small Open Economy
In this paper we set up a small open economy model with financial frictions, following Curdia and Wo...
normative analysis of monetary policy within a simple optimization-based closed economy framework. W...
We show that the composition of international trade has important implications for the optimal volat...
Can the structure of asset markets change the way monetary policy should be conducted? Following a l...
Can the structure of asset markets change the way monetary policy should be conducted? Following a l...
This paper characterizes welfare in a small open economy and derives the corresponding optimal monet...
This paper sets up a canonical new Keynesian small open economy model with nominal price rigidities ...
We study the conduct of monetary policy in a continuum of small open economies. We solve the model g...
This paper develops a new open economy macro model of optimal monetary for a small open economy. Our...
This thesis focuses on the analysis of welfare and macroeconomic policy in small open economies. The...
This paper studies optimal monetary policy in a small open economy under flexible prices. The paper\...
The paper addresses whether or not the exchange rate or some other dimension of the external side of...
grateful for its support and hospitality. The authors would like to thank Andy Neumeyer and seminar ...
This research is supported by ESRC Award Number ES/I024174/1.Recent literature shows that, when inte...
We propose a simple incomplete-markets small-open-economy model that is amenable to analytical disse...
In this paper we set up a small open economy model with financial frictions, following Curdia and Wo...
normative analysis of monetary policy within a simple optimization-based closed economy framework. W...
We show that the composition of international trade has important implications for the optimal volat...
Can the structure of asset markets change the way monetary policy should be conducted? Following a l...
Can the structure of asset markets change the way monetary policy should be conducted? Following a l...
This paper characterizes welfare in a small open economy and derives the corresponding optimal monet...
This paper sets up a canonical new Keynesian small open economy model with nominal price rigidities ...
We study the conduct of monetary policy in a continuum of small open economies. We solve the model g...
This paper develops a new open economy macro model of optimal monetary for a small open economy. Our...
This thesis focuses on the analysis of welfare and macroeconomic policy in small open economies. The...
This paper studies optimal monetary policy in a small open economy under flexible prices. The paper\...
The paper addresses whether or not the exchange rate or some other dimension of the external side of...
grateful for its support and hospitality. The authors would like to thank Andy Neumeyer and seminar ...
This research is supported by ESRC Award Number ES/I024174/1.Recent literature shows that, when inte...
We propose a simple incomplete-markets small-open-economy model that is amenable to analytical disse...
In this paper we set up a small open economy model with financial frictions, following Curdia and Wo...
normative analysis of monetary policy within a simple optimization-based closed economy framework. W...
We show that the composition of international trade has important implications for the optimal volat...