Monetary policy and welfare in a small open economy

368 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Optimal Monetary Policy in a Small Open Economy with Home Bias (2008, methodology): “To characterize the small economy case we resort to a "limit-case" approach, as in Galí and Monacelli (2002), Sutherland (2005), De Fiore and Liu (2005) and De Paoli (2004).”
Fiscal Stimulus with Spending Reversals (2009, neutral): “19 This specification follows Sutherland (2005) and De Paoli (2009). With ω = 1, there is no home bias: if the relative price of foreign and domestic goods is unity, the fraction of domestically produced goods that ends up in the production of final goods is equal to n, while imports account for a s”
Capital Flows and Financial Stability: Monetary Policy and Macroprudential Responses (2011, neutral): “Following Gaĺı and Monacelli (2005), Faia and Monacelli (2007), and De Paoli (2009), among many others, we assume that the domestic economy is very small in size relative to the rest of the world to characterize an emerging, open-economy case.”
Currency Misalignments and Optimal Monetary Policy: A Reexamination (2011, positive): “3 De Paoli (2009) allows for home bias in preferences in a small open economy model.”