- Monetary Policy and Inequality under Household Heterogeneity and ...🔍
- FX interventions as a form of unconventional monetary policy🔍
- The Impact of Central Bank Intervention on Exchange|Rate Forecast ...🔍
- MONETARY POLICY SHOCKS AND FIRM HETEROGENEITY🔍
- Exchange Rate Speculation and Heterogeneous Expectations in a ...🔍
- Financial heterogeneity and monetary union🔍
- The international transmission of monetary policy🔍
- A Small Open Economy Model🔍
Exchange rate policy and heterogeneity in small open economies
Monetary Policy and Inequality under Household Heterogeneity and ...
Monetary Policy and Exchange Rate Volatility in a Small. Open Economy. The Review of Economic Studies 72(3), 707-734. Galvin, R. (2020). Chapter 1 - Recent ...
FX interventions as a form of unconventional monetary policy - SNB
We also find that FXI create significant additional leeway for monetary policy in small, open economies. This effect can be shown by the “shadow rate”, the ...
The Impact of Central Bank Intervention on Exchange-Rate Forecast ...
heterogeneity and this is supported by a consistent monetary policy. Second ... Forum Economique Franco-Allemand – Economic Policy. Coordination – 4 th ...
MONETARY POLICY SHOCKS AND FIRM HETEROGENEITY
non-commodity-based economy, political system (democratic vs. non-democratic, which influences the role of central banks), and whether the exchange rate is ...
Exchange Rate Speculation and Heterogeneous Expectations in a ...
We consider a standard macroeconomic model of a small open economy in which the flow of capital on the international foreign exchange market crucially ...
Financial heterogeneity and monetary union
(2023), who analyze the short-term macroeconomic effects of trade policies in the standard New Keynesian open-economy framework. ... smaller effect on economic ...
The international transmission of monetary policy
... heterogeneity in spillovers, or tends to have a smaller ... “International. Monetary Policy Transmission through Banks in Small Open Economies” [Bank of Canada.
A Small Open Economy Model: Assessing the Role of Monetary ...
This model features four equations describing the evolution of the real GDP growth rate, the monetary policy interest rate, the inflation rate and the real ...
KIX-GDP and KIX-Policy Rate capture global economic trends influencing. Swedish variables. Assuming that the Small Open Economy condition holds, i.e., that ...
Exchange Rate Dynamics in an Estimated Small Open Economy ...
The most important shocks for explaining the exchange rate volatility at business cycle frequency are the investment specific technology shock, monetary policy ...
Fiscal and Monetary Policy with Heterogeneous Agents
In open economies, the exchange rate depreciates after rate cuts and net exports can respond, providing another transmission mechanism for monetary policy.
Under LCP, however, due to currency misalignment, output gap cannot be closed, consequently, heterogeneity becomes a new distortion faced by ...
The Effect of Exchange Rate Shocks on Domestic Prices
Changes in exchange rates directly affect import prices. Since the beginning of 2014, the U.S. dollar has strengthened by 17 percent against the ...
Exchange Rate Pass-Through, Monetary Policy, and Real Exchange ...
In this Section we present a minimalist model of a small open economy that captures some of the most salient issues discussed above. Although ...
Shocks and Exchange Rates in Small Open Economies*
Unlike global risk aversion shocks, other structural shocks (e.g. monetary policy shocks) generate negligible movements in excess currency ...
The heterogeneous transmission of ECB policies: Lessons for a post ...
Second, we build a small 'dynamic stochastic general equilibrium' (DSGE) model of a currency union, enriched with a housing market and ...
Monetary policy and inequality under household heterogeneity and ...
(2005). Monetary policy and exchange rate volatility in a small open economy. The Review of Economic Studies, 72(3):707-734. García-Cicco ...
Identifying monetary policy in a small open economy ... - Fed in Print
Abstract: Previous empirical study on the effects of monetary policy shocks in small open economies has produced exchange rate responses that are inconsistent ...
s Foreign Trade with BRICS Countries: A Gravity Model Approach
Fluctuations in exchange rates exert positive and significant effects. This indicates that a more robust Saudi Riyal, an essential policy instrument, can ...
Although capital flows to emerging market and developing economies (EMDEs) have recovered since 2022, unanticipated changes in policy rate ...