FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2185467876> ?p ?o ?g. }

• W2185467876 abstract "Calls for monetary policy coordination has increased as the intensi…ed macroeconomic interdependence cultivates the con‡ict of interests between economics, especially following the current crisis. Yet the literature has not reached a consensus on whether monetary policy coordination is welfare-improving. This thesis, taking from another perspective, assesses the real-world existence and extent of monetary policy coordination associated with economic interdependence between the United States (US) and the Euro Area (EA), and investigates the changes of international transmission in the presence of coordination. Monetary policy coordination is represented by direct responses of monetary policy instruments to contemporaneous and lagged values of the real exchange rate. By using the method of indirect inference, this research also incorporates historical data into in-sample evaluation and estimation of the ‘Dynamic Stochastic General Equilibrium’(DSGE) model. Beginning with indirect inference evaluations of a two-country DSGEmodel of the US and EA, it is found that models with coordination generally outperform their non-coordination counterpart – indicating the existence of coordination. The real exchange rate is the essence of such improvement in the model’s e¢ cacy; and it is shown that coordination models have an excellent ability to replicate real exchange rate dynamics and volatility relative to a non-coordination model, even though it still remains a source of relatively poor performance of model. By applying an extensive indirect inference estimation, the existence of monetary coordination is ascertained since a partial-coordination model outstrips the non-coordination model remarkably. Both the US and EA economies exhibit moderate to high levels of monetary coordination. Such features improve the model’s performance; particularly in terms of dynamics of US time series, volatility of EA time series and both dynamics and volatility of the real exchange rate. Impulse responses and variance decomposition reveal substantial cross-country spillovers in contrast to the non-coordination model case." @default.
• W2185467876 created "2016-06-24" @default.
• W2185467876 creator A5010963017 @default.
• W2185467876 date "2013-01-01" @default.
• W2185467876 modified "2023-09-27" @default.
• W2185467876 title "Monetary Policy Coordination between the United States and the Euro Area" @default.
• W2185467876 cites W1480476874 @default.
• W2185467876 cites W1482401614 @default.
• W2185467876 cites W1490409890 @default.
• W2185467876 cites W1492494577 @default.
• W2185467876 cites W1510170991 @default.
• W2185467876 cites W1533179050 @default.
• W2185467876 cites W1536025864 @default.
• W2185467876 cites W1547415738 @default.
• W2185467876 cites W1560294045 @default.
• W2185467876 cites W1589985602 @default.
• W2185467876 cites W1599024647 @default.
• W2185467876 cites W1604162387 @default.
• W2185467876 cites W1606781154 @default.
• W2185467876 cites W1966082019 @default.
• W2185467876 cites W1967031021 @default.
• W2185467876 cites W1976985517 @default.
• W2185467876 cites W1984391243 @default.
• W2185467876 cites W1992777022 @default.
• W2185467876 cites W1993068376 @default.
• W2185467876 cites W1998639102 @default.
• W2185467876 cites W1999044310 @default.
• W2185467876 cites W1999167388 @default.
• W2185467876 cites W2005961387 @default.
• W2185467876 cites W2008177867 @default.
• W2185467876 cites W2009749962 @default.
• W2185467876 cites W2017524773 @default.
• W2185467876 cites W2017809294 @default.
• W2185467876 cites W2018886208 @default.
• W2185467876 cites W2019302713 @default.
• W2185467876 cites W2019459021 @default.
• W2185467876 cites W2028626408 @default.
• W2185467876 cites W2032373706 @default.
• W2185467876 cites W2038415426 @default.
• W2185467876 cites W2038532793 @default.
• W2185467876 cites W2038744389 @default.
• W2185467876 cites W2044711202 @default.
• W2185467876 cites W2046637750 @default.
• W2185467876 cites W2046835759 @default.
• W2185467876 cites W2047221701 @default.
• W2185467876 cites W2048827518 @default.
• W2185467876 cites W2050815921 @default.
• W2185467876 cites W2053834130 @default.
• W2185467876 cites W2057493144 @default.
• W2185467876 cites W2060565147 @default.
• W2185467876 cites W2060957239 @default.
• W2185467876 cites W2064051623 @default.
• W2185467876 cites W2068942521 @default.
• W2185467876 cites W2070720254 @default.
• W2185467876 cites W20712610 @default.
• W2185467876 cites W2072462176 @default.
• W2185467876 cites W2085041592 @default.
• W2185467876 cites W2090148352 @default.
• W2185467876 cites W2095905467 @default.
• W2185467876 cites W2098495424 @default.
• W2185467876 cites W2099449045 @default.
• W2185467876 cites W2100895066 @default.
• W2185467876 cites W2101520586 @default.
• W2185467876 cites W2107963759 @default.
• W2185467876 cites W2110114533 @default.
• W2185467876 cites W2113694659 @default.
• W2185467876 cites W2118943773 @default.
• W2185467876 cites W2122566335 @default.
• W2185467876 cites W2130783080 @default.
• W2185467876 cites W2137873244 @default.
• W2185467876 cites W2138778448 @default.
• W2185467876 cites W2140898820 @default.
• W2185467876 cites W2145442761 @default.
• W2185467876 cites W2146207816 @default.
• W2185467876 cites W2152717893 @default.
• W2185467876 cites W2155143309 @default.
• W2185467876 cites W2155448363 @default.
• W2185467876 cites W2160134375 @default.
• W2185467876 cites W2161312636 @default.
• W2185467876 cites W2163790208 @default.
• W2185467876 cites W2166490115 @default.
• W2185467876 cites W2169829317 @default.
• W2185467876 cites W2169957295 @default.
• W2185467876 cites W2170858504 @default.
• W2185467876 cites W2247596475 @default.
• W2185467876 cites W3022712314 @default.
• W2185467876 cites W3023652150 @default.
• W2185467876 cites W3121345046 @default.
• W2185467876 cites W3121515033 @default.
• W2185467876 cites W3121739413 @default.
• W2185467876 cites W3121805707 @default.
• W2185467876 cites W3121934047 @default.
• W2185467876 cites W3122027015 @default.
• W2185467876 cites W3122128558 @default.
• W2185467876 cites W3122210446 @default.
• W2185467876 cites W3122236070 @default.
• W2185467876 cites W3122309714 @default.
• W2185467876 cites W3122488285 @default.
• W2185467876 cites W3122920447 @default.
• W2185467876 cites W3122943163 @default.

• next