Do the ECB and the Fed really need to cooperate? Optimal monetary policy in a two-country world
By Evi Pappa. 2004
162 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/66d5ac78e31fa5d3c2cd2ce106e53e7ba4f3ea98
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- Ester Faia
- Tommaso Monacelli
- Bianca de Paoli
- George S. Tavlas
- Harris Dellas
- C. Walsh
- Ignazio Angeloni
- Charles M. Engel
In Finance
- Ester Faia
- Bianca de Paoli
- Tommaso Monacelli
- George S. Tavlas
- Harris Dellas
- Alejandro Justiniano
- Bruce Preston
- David E. Cook
Citations in the corpus
- Monetary policy and welfare in a small open economy (2009, methodology): “For examples of how this is done in a two-country world, see Benigno and Benigno (2003) and Pappa (2004).”
- Currency Misalignments and Optimal Monetary Policy: A Reexamination (2011, unknown): “Pappa (2004) considers a twocountry model with home bias.”
- Public and private sector wages interactions in a general equilibrium model (2010, unknown): “On related grounds, the dynamic general equilibrium models of Ardagna (2001), Cavallo (2005), Finn (1998), Pappa (2004), Quadrini and Trigari (2008), and Forni et al. (2009) may also be mentioned, in which public employment is an exogenous variable and wages in both sectors are equalized according…”
- Optimal Monetary Policy in a Small Open Economy with Home Bias (2008, background): “…any given values of ", which entails a choice on the steady-state level of the markup, we can thus build a mapping between the frequency of price adjustment in the Calvo model 11 and the degree of price stickiness # in the Rotemberg 14See Pappa (2004), Sutherland (2004), Benigno and Benigno (2003).”
- International Monetary Policy Coordination and Financial Market Integration (2002, unknown): “Ω̃ = E · Ĉ − Ŷ − 1 2 3 Ŷ + K̂ ́2 ̧ +O ¡ 3 ¢ (24)”
- An Optimum-Currency-Area Odyssey (2009, background): “…flexible exchange rate systems tend to produce better results in terms of welfare than regimes that severely restrict exchange rate fluctuations (Stockman and Ohanian, 1997; Benigno and Benigno, 2003; Obstfeld and Rogoff, 2000; Kollmann, 2002; Pappa, 2004; Canzoneri, Cumby, and Diba, 2005;).”