Monetary Policy Rules for an Open Economy

By Nicoletta Batini, R. Harrison, Stephen P Millard. 2003

238 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/eb5bc3dd777eaea010432ddac521334f809de716

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In Economics and Econometrics

Citations in the corpus

Monetary Policy Rules in the Open Economy: Effects on Welfare and Business Cycles (2002, unknown): “(2)See, for example, Batini et al. (2001), Benigno (1999), Bergin (2001), Betts and Devereux (2001), Chari et al.”
Low inflation, pass-through, and the pricing power of firms (2000, background): “For example Ball (1999) shows that the coefficients in the monetary policy rule depend on the degree of pass-through.”
Simple monetary policy rules and exchange rate uncertainty (2005, background): “+ β q q t + β yf y f t + ε y t+1 , (1) where β y ≤ 1; i t is the (annualized) quarterly interest rate, set by the central bank; π d t ≡ p d t − p d t−1 is the quarterly rate of domestic inflation; q t is the real exchange rate; y f t is the foreign output gap; and 0 ≤ ϕ y ≤ 1 measures the degree of…”
The Econometrics of Macroeconomic Modelling (2005, methodology): “As mentioned above, Batini et al. (2000) derive an open economy NPCM consistent with optimizing behaviour, thus extending the intellectual rationale of the original NPCM.”
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;).”
House Prices, Consumption, and Monetary Policy: A Financial Accelerator Approach (2002, unknown): “Batini et al., 2003; Nelson, 2003 ,a ndNelson and Neiss, 2003).”