Closing small open economy models

Journal of International Economics

Volumn 61, Issue 1, 2003, Pages 163-185

  Schmitt Grohé, Stephanie ^a   Uribe, Martín ^b  

^a RUTGERS UNIVERSITY   (United States)

^b UNIVERSITY OF PENNSYLVANIA   (United States)

Author keywords

Complete and incomplete asset markets; Small open economy; Stationarity

Indexed keywords

BUSINESS CYCLE; ECONOMIC THEORY; MODELING; THEORETICAL STUDY;

EID: 0141538285     PISSN: 00221996     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0022-1996(02)00056-9     Document Type: Article

References (16)

1. Baxter M.Crucini M.J.Business cycles and the asset structure of foreign trade International Economic Review 36 1995 821-854
2. Blanchard O.Debt, deficits, and finite horizons Journal of Political Economy 93 1985 223-247
3. Cardia E.The dynamics of a small open economy in response to monetary, fiscal, and productivity shocks Journal of Monetary Economics 28 1991 411-434
4. Correia I.Neves J.C.Rebelo S.Business cycles in a small open economy European Economic Review 39 1995 1089-1113
5. Ghironi, F., 2001. Macroeconomic Interdependence under Incomplete Markets, manuscript. Boston College, October.
6. Kim, S.H., Kose, A., 2001. Dynamics of open economy business cycle models: understanding the role of the discount factor, Tufts University. Macroeconomic Dynamics, Macroeconomic Dynamics, forthcoming.
7. Kollmann R.Incomplete asset markets and the cross-country consumption correlation puzzle Journal of Economic Dynamics and Control 20 1996 945-961
8. Mendoza E.Real business cycles in a small-open economy American Economic Review 81 1991 797-818
9. Mendoza E.Uribe M.Devaluation risk and the business-cycle implications of exchange-rate management Carnegie-Rochester Conference Series on Public Policy 53 2000 239-296
10. Neumeyer, P.A., Perri, F., 2001. Business Cycles in Emerging Markets: The Role of Interest Rates, manuscript. New York University, May.
11. Obstfeld M.Intertemporal dependence, impatience, and dynamics Journal of Monetary Economics 26 1990 45-75
12. Schmitt-Grohé S.The international transmission of economic fluctuations: effects of U.S. business cycles on the Canadian economy Journal of International Economics 44 1998 257-287
13. Schmitt-Grohé S.Uribe M.Stabilization policy and the costs of dollarization Journal of Money, Credit, and Banking 33 2001 482-509
14. Senhadji, A.S., 1994. Adjustment of a Small Open Economy to External Shocks, Dissertation. University of Pennsylvania.
15. Uribe M.Exchange rate based inflation stabilization: the initial real effects of credible plans Journal of Monetary Economics 39 1997 197-221
16. Uzawa H.Time preference, the consumption function and optimum asset holdings Wolfe J.N. Value, Capital and Growth: Papers in Honor of Sir John Hicks 1968 485-504 The University of Edinburgh PressEdinburgh