Monetary Policy Rules in the Open Economy: Effects on Welfare and Business Cycles

By Robert Kollmann. 2002

403 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/b830386173d5f7254a4f5facfa7157a4c5531983

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Citations in the corpus

Exchange Rate Volatility and Productivity Growth: The Role of Financial Development (2009, neutral): “[37] Kollman, Robert (2002), "Monetary Policy Rules in the Open Economy: Effects on Welfare and Business Cycles," Journal of Monetary Economics 49, 989-1015.”
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;).”
The Macroeconomic Consequences of Remittances (2012, background): “(See Kollman [28] and Ghironi [29] for more on this issue).”
A Model of the Twin Ds: Optimal Default and Devaluation (2015, positive): “And we extend this literature by merging it with the literature on optimal exchange-rate policy (e.g., Gal´ı and Monacelli, 2005; Kollmann, 2002; and Schmitt-Groh´e and Uribe, 2013).”
Fiscal Stimulus with Spending Reversals (2009, neutral): “Government spending is financed either through lump-sum Our particular specification draws on Kollmann (2002), who studies a model similar to ours.”
Downward Nominal Wage Rigidity, Currency Pegs, and Involuntary Unemployment (2016, positive): “A number of studies have analyzed the welfare consequences of currency pegs in the context of models with nominal rigidities (e.g., Kollmann 2002; Gal í and Monacelli 2005).”
Monetary policy and uncertainty in an empirical small open-economy model (2010, methodology): “This demand function is standard in small open economy models (see Kollmann (2002) and McCallum and Nelson (2000)) and nests the speci cation in Monacelli (2003) by allowing to be di¤erent from , the domestic elasticity of substitution across goods in the domestic economy, in order to give…”
Price Stability with Imperfect Financial Integration (2001, neutral): “…welfare criterion also allows for a direct evaluation of the welfare costs of imperfect risk-sharing, with particular emphasis on the different 1See among others Benigno and Benigno (2003, 2005), Corsetti and Pesenti (2006), Devereux and Engel (2003), Kollmann (2001), Obstfeld and Rogoff (2002).”
Currency Misalignments and Optimal Monetary Policy: A Reexamination (2011, neutral): “Further, imagine that the world output gap is zero.”