Please use this identifier to cite or link to this item:
http://dspace.mediu.edu.my:8181/xmlui/handle/10419/17818Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Pierdzioch, Christian | - |
| dc.date | 2003 | - |
| dc.date.accessioned | 2013-10-16T06:56:56Z | - |
| dc.date.available | 2013-10-16T06:56:56Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/17818 | - |
| dc.identifier | ppn:362664846 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/17818 | - |
| dc.description | This paper uses a dynamic general equilibrium two-country optimizing model to analyze the consequences of international capital mobility for the effects of monetary policy in open economies. The model shows that the difference between the short-run output effects of monetary policy shocks in a world of high capital mobility and those in a world of low capital mobility decreases if households have a home-product bias in preferences. This result implies that, in contrast to conventional wisdom derived from the textbook Mundell-Fleming model, the empirically observed integration of international financial markets need not result in a significant change in the propagation of monetary policy shocks if households have a strong bias for consuming home products. | - |
| dc.language | eng | - |
| dc.publisher | Kiel Institute for the World Economy (IfW) Kiel | - |
| dc.relation | Kieler Arbeitspapiere 1141 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | F41 | - |
| dc.subject | F36 | - |
| dc.subject | F32 | - |
| dc.subject | ddc:330 | - |
| dc.subject | Monetary Policy | - |
| dc.subject | Capital mobility | - |
| dc.subject | Home-product bias | - |
| dc.subject | Geldpolitik | - |
| dc.subject | Schock | - |
| dc.subject | Makroökonomischer Einfluß | - |
| dc.subject | Internationale Kapitalmobilität | - |
| dc.subject | Konsumentenverhalten | - |
| dc.subject | Offene Volkswirtschaft | - |
| dc.subject | Neue Makrooekonomik offener Volkswirtschaften | - |
| dc.subject | Theorie | - |
| dc.subject | home bias | - |
| dc.title | Home-Product Bias, Capital Mobility, and the Effects of Monetary Policy Shocks in Open Economies | - |
| 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.