Please use this identifier to cite or link to this item:
http://dspace.mediu.edu.my:8181/xmlui/handle/10419/17776Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Pierdzioch, Christian | - |
| dc.date | 2002 | - |
| dc.date.accessioned | 2013-10-16T06:56:41Z | - |
| dc.date.available | 2013-10-16T06:56:41Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/17776 | - |
| dc.identifier | ppn:350944490 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/17776 | - |
| dc.description | This paper uses a dynamic general equilibrium optimizing two-country model to analyze how the formation of exchange rate expectations shapes the effects of monetary policy shocks in open economies. The model implies that the short-run output effects of permanent monetary policy shocks diminish if 'noise traders' in the foreign exchange market form regressive exchange rate expectations. If the influence of these noise traders is strong enough, a permanent expansionary monetary policy shock can result in a temporary decline of the output in the country in which it takes place. The output effects of temporary monetary policy shocks are magnified when noise traders form regressive exchange rate expectations. | - |
| dc.language | eng | - |
| dc.publisher | Kiel Institute for the World Economy (IfW) Kiel | - |
| dc.relation | Kieler Arbeitspapiere 1109 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | F31 | - |
| dc.subject | F41 | - |
| dc.subject | G15 | - |
| dc.subject | ddc:330 | - |
| dc.subject | Monetary policy | - |
| dc.subject | Exchange rate expectations | - |
| dc.subject | Noise trading | - |
| dc.subject | Geldpolitik | - |
| dc.subject | Schock | - |
| dc.subject | Makroökonomischer Einfluß | - |
| dc.subject | Wechselkurstheorie | - |
| dc.subject | Erwartungstheorie | - |
| dc.subject | Noise Trading | - |
| dc.subject | Offene Volkswirtschaft | - |
| dc.subject | Dynamisches Gleichgewicht | - |
| dc.subject | Theorie | - |
| dc.title | Exchange Rate Expectations Redux and Monetary Policy | - |
| dc.type | doc-type:workingPaper | - |
| Appears in Collections: | EconStor | |
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.