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Welfare Effects of Commodity Price and Exchange Rate Volatilities in a Multi-Sector Small Open Economy Model
16 references·3 citing·43 second hop
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References

  • 1983Staggered prices in a utility-maximizing framework7,892 cited
  • 2005Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy5,868 cited
  • 1980The Solution of Linear Difference Models under Rational Expectations2,412 cited
  • 1995Exchange Rate Dynamics Redux2,110 cited
  • 2002Monetary Policy and Exchange Rate Volatility in a Small Open Economy1,278 cited
  • 1996Nominal price rigidity, money supply endogeneity, and business cycles1,232 cited
  • 2003Solving dynamic general equilibrium models using a second-order approximation to the policy function1,216 cited
  • 1996The Case for Flexible Exchange Rates1,084 cited
  • 2006Optimal simple and implementable monetary and fiscal rules932 cited
  • 1999New Directions for Stochastic Open Economy Models884 cited
  • 2003Monetary Policy in the Open Economy Revisited: Price Setting and Exchange-Rate Flexibility755 cited
  • 2001Optimal Monetary Policy in Open versus Closed Economies: An Integrated Approach561 cited
  • 1996The exchange rate in a model of pricing-to-market388 cited
  • 2000Does Exchange-Rate Stability Increase Trade and Welfare?338 cited
  • 2002Monetary Policy Rules in the Open Economy: Effects on Welfare and Business Cycles

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224 cited
  • 2003Endogenous money or sticky prices?221 cited
  • Cited by

    • 2017Two-Dimensional Monetary Policy Shocks in DSGE-Model Estimated for Russia25 cited
    • 2014Monetary policy and the Dutch disease effect in an oil exporting economy21 cited
    • 2021Alternative Optimized Monetary Policy Rules in Multi-Sector Small Open Economies: The Role of Real Rigidities17 cited