Search Results

You are looking at 1 - 10 of 71 items

  • Keyword: small economy x
Clear All Modify Search
Dominant Currency Paradigm: A New Model for Small Open Economies*

Dominant Currency Paradigm: A New Model for Small Open Economies* »

Source: Dominant Currency Paradigm: A New Model for Small Open Economies

Volume/Issue: 2017/264

Series: IMF Working Papers

Author(s): Camila Casas , Federico Diez , Gita Gopinath , and Pierre-Olivier Gourinchas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 November 2017

ISBN: 9781484330173

Keywords: Small open economies, Currency, General

Most trade is invoiced in very few currencies. Despite this, the Mundell-Fleming benchmark and its variants focus on pricing in the producer's currency or in local currency. We model instead a ‘dominant currency pa...

The Effectiveness of Monetary Policy in Small Open Economies

The Effectiveness of Monetary Policy in Small Open Economies »

Source: The Effectiveness of Monetary Policy in Small Open Economies : An Empirical Investigation

Volume/Issue: 2016/189

Series: IMF Working Papers

Author(s): Keyra Primus

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 September 2016

ISBN: 9781475536874

Keywords: Reserve Requirements, Macroeconometric Model, Small Open Economies

This paper examines the relative effectiveness of the use of indirect and direct monetary policy instruments in Barbados, Jamaica and Trinidad and Tobago, by estimating a restricted Vector Autoregressive model with...

Comments on COM (2006) 676 Building a global market

Comments on COM (2006) 676 Building a global market »

Series: Nordic Council of Ministers

Publisher: Nordic Council of Ministers

Publication Date: 01 June 2008

ISBN: 9789289316279

Keywords: Nordic, Norden, Baltic, Baltics, European Union Emission Trading Scheme, European Commission, Small Installations, Greenhouse Gas Emission, Communication Report, Economy and national budget

Directive 2003/87/EC established a scheme for greenhouse gas emission allowance trading, the EU ETS (European Union Emission Trading Scheme). In connection with the review of the Directive, called for in Article 30...

The Fiscal Multiplier in Small Open Economy

The Fiscal Multiplier in Small Open Economy »

Source: The Fiscal Multiplier in Small Open Economy : The Role of Liquidity Frictions

Volume/Issue: 2016/138

Series: IMF Working Papers

Author(s): Jasmin Sin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 July 2016

ISBN: 9781498366298

Keywords: DSGE model, fiscal multiplier, small open economy, liquidity frictions

This paper studies the fiscal multiplier using a small-open-economy DSGE model enriched with financial frictions. It shows that the multiplier is large when frictions are present in domestic and international finan...

A Small Structural Monetary Policy Model for Small Open Economies with Debt Accumulation

A Small Structural Monetary Policy Model for Small Open Economies with Debt Accumulation »

Source: A Small Structural Monetary Policy Model for Small Open Economies with Debt Accumulation

Volume/Issue: 2008/64

Series: IMF Working Papers

Author(s): Philippe Karam , and A. R. Pagan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2008

ISBN: 9781451869262

Keywords: Small open economy, model construction and estimation, inflation, terms of trade, open economy, foreign currency,

We extend a small New Keynesian structural model used for monetary policy analysis to address a richer class of policy issues that arise in open economy analysis. We draw a distinction between absorption and domest...

Dollarization, Monetary Policy, and the Pass-Through

Dollarization, Monetary Policy, and the Pass-Through »

Source: Dollarization, Monetary Policy, and the Pass-Through

Volume/Issue: 2002/188

Series: IMF Working Papers

Author(s): Alain Ize , and Eric Parrado

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2002

ISBN: 9781451859577

Keywords: optimal monetary policy, small open economy, inflation, monetary authorities, Open Economy Macroeconomics,

This paper explores how real dollarization (dollar indexing of wages), financial dollarization (dollar denomination of financial contracts), and monetary policy interact in a general equilibrium, new open-economy m...

World Food Prices and Monetary Policy

World Food Prices and Monetary Policy »

Source: World Food Prices and Monetary Policy

Volume/Issue: 2010/161

Series: IMF Working Papers

Author(s): Roberto Chang , and Luis Catão

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2010

ISBN: 9781455201440

Keywords: Small Open Economy, DSGE models, inflation, terms of trade, relative price, Open Economy Macroeconomics,

The large swings in world food prices in recent years renew interest in the question of how monetary policy in small open economies should react to such imported price shocks. We examine this issue in a canonical o...

Tax Administration in Small Economies

Tax Administration in Small Economies »

Source: Tax Administration in Small Economies

Volume: 2010

Series: Technical Notes and Manuals

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 May 2010

ISBN: 9781455273416

Keywords: tax administration, organization structure, small and micro economies, organizational models, tax administrations, taxpayers, taxes, fiscal affairs

This technical note analyzes tax administration in small economies. Choosing the right organization structure is a key component of any program of tax administration reform and modernization. It creates a solid pla...

Accounting for Output Drops in Latin America

Accounting for Output Drops in Latin America »

Source: Accounting for Output Drops in Latin America

Volume/Issue: 2009/67

Series: IMF Working Papers

Author(s): Ruy Lama

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2009

ISBN: 9781451872149

Keywords: Business cycle accounting, DSGE models, small open economy, tfp, bond, business cycle, total factor productivity,

This paper evaluates what type of models can account for the recent episodes of output drops in Latin America. I develop an open economy version of the business cycle accounting methodology (Chari, Kehoe, and McGra...

Monetary Policy in a Small Open Economy with Credit Goods Production

Monetary Policy in a Small Open Economy with Credit Goods Production »

Source: Monetary Policy in a Small Open Economy with Credit Goods Production

Volume/Issue: 1998/153

Series: IMF Working Papers

Author(s): Jorge Chan-Lau

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1998

ISBN: 9781451922448

Keywords: Cash goods, credit goods, small open economy, nominal interest rate, inflation rate, monetary aggregate

The paper analyzes the effects of monetary policy in a dynamic model of a small open economy with cash and credit goods production, where government consumption is financed by seignorage. It shows that the interrel...