Equilibrium stability in open economy models
Author
Abstract
Suggested Citation
DOI: 10.1016/j.jmacro.2012.09.002
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Schmitt-Grohe, Stephanie & Uribe, Martin, 2003.
"Closing small open economy models,"
Journal of International Economics, Elsevier, vol. 61(1), pages 163-185, October.
- Stephanie Schmitt-Grohe & Martin Uribe, 2001. "Closing Small Open Economy Models," Departmental Working Papers 200115, Rutgers University, Department of Economics.
- Stephanie Schmitt-Grohe & Martin Uribe, 2002. "Closing Small Open Economy Models," NBER Working Papers 9270, National Bureau of Economic Research, Inc.
- Uribe, MartÃn & Schmitt-Grohé, Stephanie, 2002. "Closing Small Open Economy Models," CEPR Discussion Papers 3096, C.E.P.R. Discussion Papers.
- Javier Garcia-Cicco & Roberto Pancrazi & Martin Uribe, 2010.
"Real Business Cycles in Emerging Countries?,"
American Economic Review, American Economic Association, vol. 100(5), pages 2510-2531, December.
- Javier García-Cicco & Roberto Pancrazi & Martín Uribe, 2006. "Real Business Cycles in Emerging Countries?," NBER Working Papers 12629, National Bureau of Economic Research, Inc.
- Heathcote, Jonathan & Perri, Fabrizio, 2002.
"Financial autarky and international business cycles,"
Journal of Monetary Economics, Elsevier, vol. 49(3), pages 601-627, April.
- Heathcote, Jonathan & Perri, Fabrizio, 1999. "Financial Autarky and International Business Cycles," SSE/EFI Working Paper Series in Economics and Finance 320, Stockholm School of Economics, revised 30 Apr 2000.
- Dotsey, Michael & King, Robert G., 2005.
"Implications of state-dependent pricing for dynamic macroeconomic models,"
Journal of Monetary Economics, Elsevier, vol. 52(1), pages 213-242, January.
- Michael Dotsey & Robert G. King, 2005. "Implications of state-dependent pricing for dynamic macroeconomic models," Working Papers 05-2, Federal Reserve Bank of Philadelphia.
- Michael Dotsey & Robert G. King, 2005. "Implications of State Dependent-Pricing for Dynamic Macroeconomic Models," Boston University - Department of Economics - Macroeconomics Working Papers Series WP2005-002, Boston University - Department of Economics.
- Ghironi, Fabio, 2006.
"Macroeconomic interdependence under incomplete markets,"
Journal of International Economics, Elsevier, vol. 70(2), pages 428-450, December.
- Fabio Ghironi, 2000. "Macroeconomic Interdependence under Incomplete Markets," Boston College Working Papers in Economics 471, Boston College Department of Economics, revised 07 Feb 2003.
- Boileau, Martin & Normandin, Michel, 2008.
"Closing international real business cycle models with restricted financial markets,"
Journal of International Money and Finance, Elsevier, vol. 27(5), pages 733-756, September.
- Martin Boileau & Michel Normandin, 2005. "Closing International Real Business Cycle Models with Restricted Financial Markets," Cahiers de recherche 0506, CIRPEE.
- Michel Normandin & Martin Boileau, 2005. "Closing International Real Business Cycle Models with Restricted Financial Markets," Cahiers de recherche 05-03, HEC Montréal, Institut d'économie appliquée.
- Kehoe, Timothy J, 1980.
"An Index Theorem for General Equilibrium Models with Production,"
Econometrica, Econometric Society, vol. 48(5), pages 1211-1232, July.
- Timothy J. Kehoe, 1979. "An Index Theorem for General Equilibrium Models with Production," Cowles Foundation Discussion Papers 516, Cowles Foundation for Research in Economics, Yale University.
- Weil, Philippe, 1989.
"Overlapping families of infinitely-lived agents,"
Journal of Public Economics, Elsevier, vol. 38(2), pages 183-198, March.
- Philippe Weil, 1989. "Overlapping Families of Infinitely-Lived Agents," SciencePo Working papers Main hal-03393291, HAL.
- Philippe Weil, 1989. "Overlapping Families of Infinitely-Lived Agents," Post-Print hal-03393291, HAL.
- Devereux, Michael B. & Smith, Gregor W., 2007.
"Transfer problem dynamics: Macroeconomics of the Franco-Prussian war indemnity,"
Journal of Monetary Economics, Elsevier, vol. 54(8), pages 2375-2398, November.
- Michael B. Devereux & Gregor W. Smith, 2004. "Transfer Problem Dynamics: Macroeonomics of the Franco-Prussian War Indemnity," Working Papers 022004, Hong Kong Institute for Monetary Research.
- Gregor W. Smith, 2005. "Transfer Problem Dynamics: Macroeconomics Of The Franco-prussian War Indemnity," Working Paper 1025, Economics Department, Queen's University.
- Bodenstein, Martin, 2011.
"Closing large open economy models,"
Journal of International Economics, Elsevier, vol. 84(2), pages 160-177, July.
- Martin Bodenstein, 2006. "Closing Large Open Economy Models," International Finance Discussion Papers 867, Board of Governors of the Federal Reserve System (U.S.).
- Timothy J. Kehoe, 1985. "Multiplicity of Equilibria and Comparative Statics," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 100(1), pages 119-147.
- Mendoza, Enrique G, 1991. "Real Business Cycles in a Small Open Economy," American Economic Review, American Economic Association, vol. 81(4), pages 797-818, September.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Nadezhda M. Surnina & Elena A. Shishkina & Anton G. Dyachkov, 2019. "Balances in strategic planning of the spatial infrastructure systems," Journal of New Economy, Ural State University of Economics, vol. 20(5), pages 75-91, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Bodenstein, Martin, 2011.
"Closing large open economy models,"
Journal of International Economics, Elsevier, vol. 84(2), pages 160-177, July.
- Martin Bodenstein, 2006. "Closing Large Open Economy Models," International Finance Discussion Papers 867, Board of Governors of the Federal Reserve System (U.S.).
- Bodenstein, Martin, 2010.
"Trade elasticity of substitution and equilibrium dynamics,"
Journal of Economic Theory, Elsevier, vol. 145(3), pages 1033-1059, May.
- Martin Bodenstein, 2008. "Trade elasticity of substitution and equilibrium dynamics," International Finance Discussion Papers 934, Board of Governors of the Federal Reserve System (U.S.).
- Martin Bodenstein, 2009. "Trade Elasticity of Substitution and Equilibrium Dynamics," 2009 Meeting Papers 766, Society for Economic Dynamics.
- Ghironi, Fabio, 2008. "The role of net foreign assets in a New Keynesian small open economy model," Journal of Economic Dynamics and Control, Elsevier, vol. 32(6), pages 1780-1811, June.
- Takashi Kano, 2021.
"Exchange Rates and Fundamentals: A General Equilibrium Exploration,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(1), pages 95-117, February.
- Kano, Takashi & 加納, 隆, 2019. "Exchange Rates and Fundamentals: A General Equilibrium Exploration," Discussion paper series HIAS-E-19, Hitotsubashi Institute for Advanced Study, Hitotsubashi University.
- Seoane, Hernán D., 2015. "Near unit root small open economies," Journal of Economic Dynamics and Control, Elsevier, vol. 53(C), pages 37-46.
- Johri, Alok & Letendre, Marc-André & Luo, Daqing, 2011.
"Organizational capital and the international co-movement of investment,"
Journal of Macroeconomics, Elsevier, vol. 33(4), pages 511-523.
- Alok Johri & Marc-Andre Letendre & Daqing Luo, 2010. "Organizational Capital and the International Co-movement of Investment," Department of Economics Working Papers 2010-05, McMaster University.
- Alok Johri & Marc-Andre Letendre & Daqing Luo, 2011. "Organizational Capital and the International Co-movement of Investment," Department of Economics Working Papers 2011-03, McMaster University.
- Enders, Zeno & Müller, Gernot J., 2009. "On the international transmission of technology shocks," Journal of International Economics, Elsevier, vol. 78(1), pages 45-59, June.
- Miyamoto, Wataru & Nguyen, Thuy Lan, 2017.
"Understanding the cross-country effects of U.S. technology shocks,"
Journal of International Economics, Elsevier, vol. 106(C), pages 143-164.
- Wataru Miyamoto & Thuy Lan Nguyen, 2017. "Understanding the Cross-Country Effects of US Technology Shocks," Staff Working Papers 17-23, Bank of Canada.
- Takashi Kano, 2013.
"Exchange Rates and Fundamentals:Closing a Two-country Model,"
UTokyo Price Project Working Paper Series
011, University of Tokyo, Graduate School of Economics.
- Kano, Takashi & 加納, 隆, 2014. "Exchange Rates and Fundamentals: Closing a Two-country Model," Discussion Papers 2013-07, Graduate School of Economics, Hitotsubashi University.
- Takashi Kano, 2013. "Exchange Rates and Fundamentals: Closing a Two-country Model," CAMA Working Papers 2013-62, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Mario Crucini, 2012. "Comparing General and Partial Equilibrium Approaches to the Study of Real Business Cycles," 2012 Meeting Papers 1057, Society for Economic Dynamics.
- Fabio Ghironi, 2002. "Endogenously persistent output dynamics: A puzzle for the sticky-price model?," Boston College Working Papers in Economics 527, Boston College Department of Economics.
- Boileau, Martin & Normandin, Michel, 2008.
"Dynamics of the current account and interest differentials,"
Journal of International Economics, Elsevier, vol. 74(1), pages 35-52, January.
- Martin Boileau & Michel Normandin, 2003. "Dynamics of the Current Account and Interest Differentials," Cahiers de recherche 0339, CIRPEE.
- Michel Normandin & Martin Boileau, 2003. "Dynamics of the Current Account and Interest Differentials," Cahiers de recherche 03-05, HEC Montréal, Institut d'économie appliquée.
- Ghironi, Fabio, 2006.
"Macroeconomic interdependence under incomplete markets,"
Journal of International Economics, Elsevier, vol. 70(2), pages 428-450, December.
- Fabio Ghironi, 2000. "Macroeconomic Interdependence under Incomplete Markets," Boston College Working Papers in Economics 471, Boston College Department of Economics, revised 07 Feb 2003.
- Jacek Rothert, 2012. "Productivity or Demand? Identifying Sources of Fluctuations in Small Open Economies," 2012 Meeting Papers 187, Society for Economic Dynamics.
- Thoenissen, Christoph, 2011.
"Exchange Rate Dynamics, Asset Market Structure, And The Role Of The Trade Elasticity,"
Macroeconomic Dynamics, Cambridge University Press, vol. 15(1), pages 119-143, February.
- Christoph Thoenissen, 2008. "Exchange rate dynamics, asset market structure and the role of the trade elasticity," 2008 Meeting Papers 167, Society for Economic Dynamics.
- Christoph Thoenissen, 2008. "Exchange rate dynamics, asset market structure and the role of the trade elasticity," CDMA Working Paper Series 200803, Centre for Dynamic Macroeconomic Analysis.
- Michaud, Amanda & Rothert, Jacek, 2018.
"Redistributive fiscal policies and business cycles in emerging economies,"
Journal of International Economics, Elsevier, vol. 112(C), pages 123-133.
- Amanda M. Michaud & Jacek Rothert, 2017. "Redistributive Fiscal Policies and Business Cycles in Emerging Economies," Working Papers (Old Series) 1709, Federal Reserve Bank of Cleveland.
- Boileau, Martin & Normandin, Michel, 2008.
"Closing international real business cycle models with restricted financial markets,"
Journal of International Money and Finance, Elsevier, vol. 27(5), pages 733-756, September.
- Michel Normandin & Martin Boileau, 2005. "Closing International Real Business Cycle Models with Restricted Financial Markets," Cahiers de recherche 05-03, HEC Montréal, Institut d'économie appliquée.
- Martin Boileau & Michel Normandin, 2005. "Closing International Real Business Cycle Models with Restricted Financial Markets," Cahiers de recherche 0506, CIRPEE.
- D. Siena, 2014. "The European Monetary Union and Imbalances: Is it an Anticipation Story ?," Working papers 501, Banque de France.
- Andrés Fernández, 2010.
"“Tropical” Real Business Cycles? A Bayesian Exploration,"
Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 28(61), pages 60-105, August.
- Andrés Fernandez, 2010. "“Tropical” Real Business Cycles? A Bayesian Exploration," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 28(61), pages 60-105, August.
- Andrés Fernández, 2011. ""Tropical" Real Business Cycles? A Bayesian Exploration," Documentos CEDE 9248, Universidad de los Andes, Facultad de Economía, CEDE.
- Markus Kirchner & Malte Rieth, 2021.
"Sovereign Default Risk, Macroeconomic Fluctuations and Monetary–Fiscal Stabilization,"
IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 69(2), pages 391-426, June.
- Kirchner, Markus & Rieth, Malte, 2020. "Sovereign default risk, macroeconomic fluctuations and monetary-fiscal stabilisation," IWH Discussion Papers 22/2020, Halle Institute for Economic Research (IWH).
- Markus Kirchner & Malte Rieth, 2020. "Sovereign Default Risk, Macroeconomic Fluctuations and Monetary-Fiscal Stabilization," Working Papers Central Bank of Chile 896, Central Bank of Chile.
- Markus Kirchner & Malte Rieth, 2021. "Sovereign Default Risk, Macroeconomic Fluctuations and Monetary-Fiscal Stabilization," Discussion Papers of DIW Berlin 1966, DIW Berlin, German Institute for Economic Research.
More about this item
Keywords
Equilibrium multiplicity; Incomplete markets; Open economy;All these keywords.
JEL classification:
- D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jmacro:v:35:y:2013:i:c:p:1-13. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/622617 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.