Search Results

You are looking at 1 - 8 of 8 items

  • Keyword: Open Economy New Keynesian Model x
Clear All Modify Search
A Monetary Policy Model Without Money for India1

A Monetary Policy Model Without Money for India1 »

Source: A Monetary Policy Model Without Money for India

Volume/Issue: 2010/183

Series: IMF Working Papers

Author(s): Muneesh Kapur , and Michael Patra

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2010

ISBN: 9781455202171

Keywords: IS Curve, Monetary Transmission, Neutral Interest Rate, New Keynesian Model, Phillips Curve, inflation, aggregate demand, real interest rate, monetary policy reaction function, Open Economy Macroeconomics,

A New Keynesian model estimated for India yields valuable insights. Aggregate demand reacts to interest rate changes with a lag of at least three quarters, with inflation taking seven quarters to respond. Inflation...

FX Intervention in the New Keynesian Model

FX Intervention in the New Keynesian Model »

Source: FX Intervention in the New Keynesian Model

Volume/Issue: 2017/207

Series: IMF Working Papers

Author(s): Zineddine Alla , Raphael Espinoza , and Atish Ghosh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 September 2017

ISBN: 9781484320617

Keywords: Foreign exchange, Central banks and their policies, Central bank reserves; Speculative attack; Portfolio balance model; Equilibrium determinacy; Capital flows; Capital controls; Open Economy New Keynesian Model, Central bank reserves, Speculative attack, Portfolio balance model, Equilibrium determinacy, Capital flows, Capital controls, Open Economy New Keynesian Model

We develop an open economy New Keynesian Model with foreign exchange intervention in the presence of a financial accelerator mechanism. We obtain closed-form solutions for the optimal interest rate policy and FX in...

On the First-Round Effects of International Food Price Shocks

On the First-Round Effects of International Food Price Shocks »

Source: On the First-Round Effects of International Food Price Shocks : the Role of the Asset Market Structure

Volume/Issue: 2015/33

Series: IMF Working Papers

Author(s): Rafael Portillo , and Luis-Felipe Zanna

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 February 2015

ISBN: 9781498333092

Keywords: Food Price Shocks, First-Round Effects, New-Keynesian Models, Asset Market Structure, food, price, market, prices, inflation, General

We develop a tractable small open-economy model to study the first-round effects of international food price shocks in developing countries. We define first-round effects as changes in headline inflation that, hold...

The Macroeconomic Effects of Trade Tariffs

The Macroeconomic Effects of Trade Tariffs »

Source: The Macroeconomic Effects of Trade Tariffs : Revisiting the Lerner Symmetry Result

Volume/Issue: 2017/151

Series: IMF Working Papers

Author(s): Jesper Lindé , and Andrea Pescatori

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 July 2017

ISBN: 9781484306116

Keywords: Central banks and their policies, Import Tariffs; Export Subsidies; Lerner Condition, Incomplete Markets; Complete Markets, Border Adjustment Tax, Trade War, New Keynesian open-economy model, Import Tariffs, Export Subsidies, Lerner Condition, Incomplete Markets

We study the robustness of the Lerner symmetry result in an open economy New Keynesian model with price rigidities. While the Lerner symmetry result of no real effects of a combined import tariff and export subsidy...

A Monetary Policy Model Without Money for India

A Monetary Policy Model Without Money for India »

Volume/Issue: 2010/183

Series: IMF Working Papers

Author(s): Muneesh Kapur , and Michael Patra

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2010

DOI: http://dx.doi.org/10.5089/9781455202171.001

ISBN: 9781455202171

Keywords: IS Curve, Monetary Transmission, Neutral Interest Rate, New Keynesian Model, Phillips Curve, inflation, aggregate demand, real interest rate, monetary policy reaction function, Open Economy Macroeconomics,

A New Keynesian model estimated for India yields valuable insights. Aggregate demand reacts to interest rate changes with a lag of at least three quarters, with inflation taking seven quarters to respond. Inflation...

FX Intervention in the New Keynesian Model

FX Intervention in the New Keynesian Model »

Volume/Issue: 2017/207

Series: IMF Working Papers

Author(s): Zineddine Alla , Raphael Espinoza , and Atish Ghosh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 September 2017

DOI: http://dx.doi.org/10.5089/9781484320617.001

ISBN: 9781484320617

Keywords: Foreign exchange, Central banks and their policies, Central bank reserves; Speculative attack; Portfolio balance model; Equilibrium determinacy; Capital flows; Capital controls; Open Economy New Keynesian Model, Central bank reserves, Speculative attack, Portfolio balance model, Equilibrium determinacy, Capital flows, Capital controls, Open Economy New Keynesian Model

We develop an open economy New Keynesian Model with foreign exchange intervention in the presence of a financial accelerator mechanism. We obtain closed-form solutions for the optimal interest rate policy and FX in...

On the First-Round Effects of International Food Price Shocks
			: the Role of the Asset Market Structure

On the First-Round Effects of International Food Price Shocks : the Role of the Asset Market Structure »

Volume/Issue: 2015/33

Series: IMF Working Papers

Author(s): Rafael Portillo , and Luis-Felipe Zanna

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 February 2015

DOI: http://dx.doi.org/10.5089/9781498333092.001

ISBN: 9781498333092

Keywords: Food Price Shocks, First-Round Effects, New-Keynesian Models, Asset Market Structure, food, price, market, prices, inflation, General

We develop a tractable small open-economy model to study the first-round effects of international food price shocks in developing countries. We define first-round effects as changes in headline inflation that, hold...

The Macroeconomic Effects of Trade Tariffs
			: Revisiting the Lerner Symmetry Result

The Macroeconomic Effects of Trade Tariffs : Revisiting the Lerner Symmetry Result »

Volume/Issue: 2017/151

Series: IMF Working Papers

Author(s): Jesper Lindé , and Andrea Pescatori

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 July 2017

DOI: http://dx.doi.org/10.5089/9781484306116.001

ISBN: 9781484306116

Keywords: Central banks and their policies, Import Tariffs; Export Subsidies; Lerner Condition, Incomplete Markets; Complete Markets, Border Adjustment Tax, Trade War, New Keynesian open-economy model, Import Tariffs, Export Subsidies, Lerner Condition, Incomplete Markets

We study the robustness of the Lerner symmetry result in an open economy New Keynesian model with price rigidities. While the Lerner symmetry result of no real effects of a combined import tariff and export subsidy...