| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP4643
|
| DP4643 Innovative (Imitative) Effort and Tariffs in Developing Countries: Policy Implications of Different Market Conducts, Government Commitment Levels, and Information (A)symmetries |
| Kresimir Zigic; Delia Ionascu
|
| 发表日期 | 2004-09-23
|
| 出版年 | 2004
|
| 语种 | 英语
|
| 摘要 | We develop a structural model of a small open economy with gradual exchange rate pass-through and endogenous inertia in inflation and output. We then estimate the model by matching the implied impulse responses with those obtained from a VAR model estimated on Swedish data. Although our model is highly stylized it captures very well the responses of output, domestic and imported inflation, the interest rate, and the real exchange rate. In order to account for the observed persistence in the real exchange rate and the large deviations from UIP, however, we need a large and volatile premium on foreign exchange. |
| 主题 | International Macroeconomics
|
| 关键词 | Structural open-economy model
New open-economy macroeconomics
Estimation
Calibration
|
| URL | https://cepr.org/publications/dp4643
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533563
|
推荐引用方式
GB/T 7714 |
Kresimir Zigic,Delia Ionascu. DP4643 Innovative (Imitative) Effort and Tariffs in Developing Countries: Policy Implications of Different Market Conducts, Government Commitment Levels, and Information (A)symmetries. 2004.
|
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
