Open AccessPosted Content
The Real Exchange Rate, the Current Account, and the Speed of Adjustment
Reads0
Chats0
About:
This article is published in Research Papers in Economics.The article was published on 1984-01-01 and is currently open access. It has received 37 citations till now. The article focuses on the topics: Exchange rate & Current account.read more
Citations
More filters
Journal ArticleDOI
Supply-Side Effects of Disinflation Programs
TL;DR: In this paper, the short and long-run effects of disinflation programs in a two-sector economy are studied and the authors conclude that when appreciation and deficits are due to supply-side rigidities, rather than to credibility and/or price stickiness, no further policies (e.g., capital controls, incomes policies) are advisable.
Journal ArticleDOI
The Zero Root Problem: A Note on the Dynamic Determination of the Stationary Equilibrium in Linear Models
TL;DR: In this article, it was shown that singular transition matrices imply indeterminacy of the stationary equilibrium, and the authors provided a unique solution to the indeterminancy of the equilibrium.
Posted Content
Optimal Taylor Rules in an Estimated Model of a Small Open Economy
TL;DR: In this paper, the authors compute welfare-maximizing Taylor rules in a dynamic general-equilibrium model of a small open economy and find that the welfare gains from moving to the optimal Taylor rule are larger than those obtained by previous researchers.
Journal ArticleDOI
Asset Accumulation, Fertility Choice and Nondegenerate Dynamics in a Small Open Economy
TL;DR: In this paper, the assumption of elastic fertility choices represents an unconsidered way of introducing nondegenerate dynamics within an immortal small open economy, facing perfect capital mobility and no adjustment costs associated with capital accumulation, and having a fixed discount rate.
Journal ArticleDOI
Investment Tax Credit in an Open Economy
Partha Sen,Stephen J. Turnovsky +1 more
TL;DR: In this paper, the effects of permanent and temporary investment tax credit (ITC) in an open economy were compared, and it was shown that if the ITC is permanent, the accumulation of capital leads to a higher equilibrium capital stock, higher employment and output, and a reduction in the economy's stock of net credit.
References
More filters
Journal ArticleDOI
Rational Expectations and the Theory of Price Movements
TL;DR: In this article, the Stockholm School hypothesis is used to explain how expectations are formed in the context of an isolated market with a fixed production lag, and commodity speculation is introduced into the system.
Journal ArticleDOI
The solution of linear difference models under rational expectations
TL;DR: In this article, an explicit solution for an important subclass of the model Shiller refers to as the general linear difference model is given, together with the conditions for existence and uniqueness.
Journal ArticleDOI
The Terms of Trade and the Current Account: The Harberger-Laursen-Metzler Effect
Lars E.O. Svensson,Assaf Razin +1 more
TL;DR: In this paper, the authors examined the effect of terms of trade changes on a small country's spending and current account, assuming optimizing behavior in an intertemporal framework with perfect international capital mobility.