Blar i Norges Banks vitenarkiv på emneord "open economy"
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Monetary Policy and Exchange Rate Interactions in a Small Open Economy
(Working Papers;16/2005, Working paper, 2005)This paper analyses the transmission mechanisms of monetary policy in a small open economy like Norway through structural VARs, paying particular attention to the interdependence between the monetary policy stance and ... -
Monetary Policy Rules for an Open Economy
(Working Papers;4/2001, Working paper, 2001)The most popular simple rules for the interest rate, due to Taylor (1993a) and Henderson and McKibbin (1993), are both meant to inform monetary policy in economies that are closed. On the other hand, their main open economy ... -
Savers, Spenders and Fiscal Policy in a Small Open Economy
(Working Papers;18/2004, Working paper, 2004)This paper analyzes the effects of fiscal policy in an open economy. We extend the savers-spenders theory of Mankiw (2000) to a small open economy with endogenous labor supply. We first show how the Dornbusch (1983) ... -
Simple Monetary Policy Rules and Exchange Rate Uncertainty
(Working Papers;6/2001, Working paper, 2001)We analyze the performance and robustness of some common simple rules for monetary policy in a New-Keynesian open economy model under different assumptions about the exchange rate model. Adding the exchange rate to an ...