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- W2337977078 abstract "Using an extended form of the New Open-Economy macroeconomics in this paper we find that, first, the expansionary home monetary policy increase the economic growth of home country; second, whether an expansionary monetary policy has a Beg-thy-neighbour or Benefits-thy-neighbour effect in open economy, depends on the ratio of the consumption growth and monetary growth in its economic structure; third, the appreciation of home currency has an positive home welfare effects. Given the assumption of one-period wage stickiness and the equilibrium conditions, the following conclusions can be obtained: the monetary policy can influence labour supply and thereby affecting the equilibrium of labour market in the short run; the spill over effects of monetary policy imply an important international transmission channel in terms of equilibrium relationship between home and foreign countries." @default.
- W2337977078 created "2016-06-24" @default.
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- W2337977078 date "2009-01-01" @default.
- W2337977078 modified "2023-09-23" @default.
- W2337977078 title "'Beg-thy-Neighbour' or 'Benefit-thy-Neighbour?' A Simple Discussion on the Welfare Effects of the Currency Appreciation in an Open Economy" @default.
- W2337977078 doi "https://doi.org/10.2139/ssrn.1801126" @default.
- W2337977078 hasPublicationYear "2009" @default.
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