Matches in SemOpenAlex for { <https://semopenalex.org/work/W1497203618> ?p ?o ?g. }
Showing items 1 to 77 of
77
with 100 items per page.
- W1497203618 abstract "This paper proposes a model to investigate the effects of monetary policy in an emerging market economy that experiences a sudden stop of capital inflows. The model features credit frictions, debt denominated in foreign currency, imported inputs, and households that have access to the international capital market only indirectly, through their ownership of leveraged firms. The sudden stop is modeled as a change in the perceptions of foreign lenders that brings about an increase in the cost of borrowing. I show that the higher the elasticity of foreign demand, the lower the contraction in output - leading, at the extreme, to the possibility of an expansion, depending on policy. A second result is that the recession is most severe in a fixed exchange rate regime. Taylor rules that react to inflation and output are more stabilizing. A comparison of alternative rules shows that low commitment to inflation stabilization allows for less contraction in output and even expansion but at the cost of much stronger contraction in capital inflows and higher interest rates. Credibility is also shown to have an important role, with low credibility and the risk of loose policy implying increased trade-offs, stronger contraction of the economy, and higher interest rates." @default.
- W1497203618 created "2016-06-24" @default.
- W1497203618 creator A5069281518 @default.
- W1497203618 date "2007-01-01" @default.
- W1497203618 modified "2023-10-04" @default.
- W1497203618 title "Monetary Policy under Sudden Stops" @default.
- W1497203618 cites W1501602225 @default.
- W1497203618 cites W1518547011 @default.
- W1497203618 cites W1560350676 @default.
- W1497203618 cites W1573815606 @default.
- W1497203618 cites W1762980242 @default.
- W1497203618 cites W1909802229 @default.
- W1497203618 cites W1999167388 @default.
- W1497203618 cites W2048775219 @default.
- W1497203618 cites W2054807175 @default.
- W1497203618 cites W2067477904 @default.
- W1497203618 cites W2067783721 @default.
- W1497203618 cites W2089214751 @default.
- W1497203618 cites W2110359232 @default.
- W1497203618 cites W2128180562 @default.
- W1497203618 cites W2143481734 @default.
- W1497203618 cites W2163679395 @default.
- W1497203618 cites W3023649121 @default.
- W1497203618 cites W3121462990 @default.
- W1497203618 cites W3122834769 @default.
- W1497203618 cites W3124692045 @default.
- W1497203618 cites W3125426507 @default.
- W1497203618 cites W3125614130 @default.
- W1497203618 cites W3126045516 @default.
- W1497203618 cites W3140805796 @default.
- W1497203618 cites W3143031528 @default.
- W1497203618 cites W4213016053 @default.
- W1497203618 cites W4214762137 @default.
- W1497203618 cites W4236584637 @default.
- W1497203618 cites W4256569773 @default.
- W1497203618 cites W3122764332 @default.
- W1497203618 doi "https://doi.org/10.2139/ssrn.970664" @default.
- W1497203618 hasPublicationYear "2007" @default.
- W1497203618 type Work @default.
- W1497203618 sameAs 1497203618 @default.
- W1497203618 citedByCount "10" @default.
- W1497203618 countsByYear W14972036182012 @default.
- W1497203618 countsByYear W14972036182014 @default.
- W1497203618 countsByYear W14972036182016 @default.
- W1497203618 countsByYear W14972036182021 @default.
- W1497203618 crossrefType "journal-article" @default.
- W1497203618 hasAuthorship W1497203618A5069281518 @default.
- W1497203618 hasBestOaLocation W14972036182 @default.
- W1497203618 hasConcept C126285488 @default.
- W1497203618 hasConcept C144133560 @default.
- W1497203618 hasConcept C162324750 @default.
- W1497203618 hasConcept C556758197 @default.
- W1497203618 hasConceptScore W1497203618C126285488 @default.
- W1497203618 hasConceptScore W1497203618C144133560 @default.
- W1497203618 hasConceptScore W1497203618C162324750 @default.
- W1497203618 hasConceptScore W1497203618C556758197 @default.
- W1497203618 hasLocation W14972036181 @default.
- W1497203618 hasLocation W14972036182 @default.
- W1497203618 hasLocation W14972036183 @default.
- W1497203618 hasLocation W14972036184 @default.
- W1497203618 hasLocation W14972036185 @default.
- W1497203618 hasOpenAccess W1497203618 @default.
- W1497203618 hasPrimaryLocation W14972036181 @default.
- W1497203618 hasRelatedWork W1498861465 @default.
- W1497203618 hasRelatedWork W1993507478 @default.
- W1497203618 hasRelatedWork W2034084866 @default.
- W1497203618 hasRelatedWork W2041911970 @default.
- W1497203618 hasRelatedWork W2105990892 @default.
- W1497203618 hasRelatedWork W2173360621 @default.
- W1497203618 hasRelatedWork W2613655607 @default.
- W1497203618 hasRelatedWork W3123355254 @default.
- W1497203618 hasRelatedWork W4381546315 @default.
- W1497203618 hasRelatedWork W4385337041 @default.
- W1497203618 isParatext "false" @default.
- W1497203618 isRetracted "false" @default.
- W1497203618 magId "1497203618" @default.
- W1497203618 workType "article" @default.