메뉴 건너뛰기




Volumn 144, Issue 4, 2009, Pages 1468-1488

On the relevance of exchange rate regimes for stabilization policy

Author keywords

Fiscal and monetary policy; Fixed exchange rates; Labor mobility; Monetary union; Nominal rigidities; Optimal currency areas; Stabilization policy

Indexed keywords


EID: 67649385984     PISSN: 00220531     EISSN: 10957235     Source Type: Journal    
DOI: 10.1016/j.jet.2009.02.005     Document Type: Article
Times cited : (23)

References (29)
  • 2
    • 0036704133 scopus 로고    scopus 로고
    • Fiscal policy with non-contingent debt and the optimal maturity structure
    • Angeletos G. Fiscal policy with non-contingent debt and the optimal maturity structure. Quart. J. Econ. 117 (2002) 1105-1131
    • (2002) Quart. J. Econ. , vol.117 , pp. 1105-1131
    • Angeletos, G.1
  • 4
    • 1642549885 scopus 로고    scopus 로고
    • Optimal monetary policy in a currency area
    • Benigno P. Optimal monetary policy in a currency area. J. Int. Econ. 63 (2004) 293-320
    • (2004) J. Int. Econ. , vol.63 , pp. 293-320
    • Benigno, P.1
  • 5
    • 2342433078 scopus 로고    scopus 로고
    • Optimal monetary and fiscal policy: A linear quadratic approach
    • Gertler M., and Rogoff K. (Eds), MIT Press, Cambridge, MA
    • Benigno P., and Woodford M. Optimal monetary and fiscal policy: A linear quadratic approach. In: Gertler M., and Rogoff K. (Eds). NBER Macroeconomics Annual (2003), MIT Press, Cambridge, MA 271-332
    • (2003) NBER Macroeconomics Annual , pp. 271-332
    • Benigno, P.1    Woodford, M.2
  • 6
    • 1642542023 scopus 로고    scopus 로고
    • Optimal maturity of government debt without state contingent bonds
    • Buera F., and Nicolini J.P. Optimal maturity of government debt without state contingent bonds. J. Monet. Econ. 51 (2004) 531-554
    • (2004) J. Monet. Econ. , vol.51 , pp. 531-554
    • Buera, F.1    Nicolini, J.P.2
  • 7
    • 48749143178 scopus 로고
    • Staggered prices in a utility-maximizing framework
    • Calvo G. Staggered prices in a utility-maximizing framework. J. Monet. Econ. 12 (1983) 383-398
    • (1983) J. Monet. Econ. , vol.12 , pp. 383-398
    • Calvo, G.1
  • 8
    • 0001357601 scopus 로고
    • Optimal fiscal and monetary policy: Some recent results
    • Chari V.V., Christiano L., and Kehoe P. Optimal fiscal and monetary policy: Some recent results. J. Money Credit Banking 23 (1991) 519-539
    • (1991) J. Money Credit Banking , vol.23 , pp. 519-539
    • Chari, V.V.1    Christiano, L.2    Kehoe, P.3
  • 9
    • 0010188641 scopus 로고    scopus 로고
    • Optimal fiscal and monetary policy
    • Taylor J., and Woodford M. (Eds), North-Holland, Amsterdam
    • Chari V.V., and Kehoe P. Optimal fiscal and monetary policy. In: Taylor J., and Woodford M. (Eds). Handbook of Macroeconomics (1999), North-Holland, Amsterdam
    • (1999) Handbook of Macroeconomics
    • Chari, V.V.1    Kehoe, P.2
  • 10
    • 1942437394 scopus 로고    scopus 로고
    • Overturning Mundell: Fiscal policy in a monetary union
    • Cooper R., and Kempf H. Overturning Mundell: Fiscal policy in a monetary union. Rev. Econ. Stud. 71 (2004) 371-397
    • (2004) Rev. Econ. Stud. , vol.71 , pp. 371-397
    • Cooper, R.1    Kempf, H.2
  • 11
    • 41249102440 scopus 로고    scopus 로고
    • Optimal fiscal and monetary policy: Equivalence results
    • Correia I., Nicolini J.P., and Teles P. Optimal fiscal and monetary policy: Equivalence results. J. Polit. Economy 168 (2008) 141-170
    • (2008) J. Polit. Economy , vol.168 , pp. 141-170
    • Correia, I.1    Nicolini, J.P.2    Teles, P.3
  • 13
    • 67649338970 scopus 로고    scopus 로고
    • G. Corsetti, A modern reconsideration of the theory of optimal currency areas, Discussion paper 6712, C.E.P.R., 2008
    • G. Corsetti, A modern reconsideration of the theory of optimal currency areas, Discussion paper 6712, C.E.P.R., 2008
  • 15
    • 0142246855 scopus 로고    scopus 로고
    • Monetary policy in the open economy revisited: Exchange rate flexibility and price setting behaviour
    • Devereux M., and Engle C. Monetary policy in the open economy revisited: Exchange rate flexibility and price setting behaviour. Rev. Econ. Stud. 70 (2003) 765-783
    • (2003) Rev. Econ. Stud. , vol.70 , pp. 765-783
    • Devereux, M.1    Engle, C.2
  • 16
    • 0002979266 scopus 로고
    • Optimal taxation and public production
    • 261-268
    • Diamond P.A., and Mirrlees J.A. Optimal taxation and public production. Amer. Econ. Rev. 61 (1971) 8-27 261-268
    • (1971) Amer. Econ. Rev. , vol.61 , pp. 8-27
    • Diamond, P.A.1    Mirrlees, J.A.2
  • 17
    • 0040322024 scopus 로고    scopus 로고
    • State dependent pricing and the general equilibrium dynamics of money and output
    • Dotsey M., King R.G., and Wolman A. State dependent pricing and the general equilibrium dynamics of money and output. Quart. J. Econ. 114 (1999) 655-690
    • (1999) Quart. J. Econ. , vol.114 , pp. 655-690
    • Dotsey, M.1    King, R.G.2    Wolman, A.3
  • 18
    • 49049084205 scopus 로고    scopus 로고
    • Monetary policy in the open economy revisited: The case for exchange-rate flexibility restored
    • Duarte M., and Obstfeld M. Monetary policy in the open economy revisited: The case for exchange-rate flexibility restored. J. Int. Money Finance 27 (2008) 949-957
    • (2008) J. Int. Money Finance , vol.27 , pp. 949-957
    • Duarte, M.1    Obstfeld, M.2
  • 19
    • 57849167394 scopus 로고    scopus 로고
    • Fiscal and monetary rules for a currency union
    • Ferrero A. Fiscal and monetary rules for a currency union. J. Int. Econ. 77 (2009) 1-10
    • (2009) J. Int. Econ. , vol.77 , pp. 1-10
    • Ferrero, A.1
  • 20
    • 0002849453 scopus 로고
    • The case for flexible exchange rates
    • Univ. of Chicago Press, Chicago, IL
    • Friedman M. The case for flexible exchange rates. Essays in Positive Economics (1953), Univ. of Chicago Press, Chicago, IL 157-203
    • (1953) Essays in Positive Economics , pp. 157-203
    • Friedman, M.1
  • 21
    • 48849110781 scopus 로고    scopus 로고
    • Optimal monetary and fiscal policy in a currency union
    • Gali J., and Monacelli T. Optimal monetary and fiscal policy in a currency union. J. Int. Econ. 76 (2008) 116-132
    • (2008) J. Int. Econ. , vol.76 , pp. 116-132
    • Gali, J.1    Monacelli, T.2
  • 22
    • 0001167859 scopus 로고    scopus 로고
    • The role of countercyclical monetary policy
    • Ireland P. The role of countercyclical monetary policy. J. Polit. Economy 104 (1996) 704-723
    • (1996) J. Polit. Economy , vol.104 , pp. 704-723
    • Ireland, P.1
  • 23
    • 0002226230 scopus 로고
    • Optimal fiscal and monetary policy in an economy without capital
    • Lucas R.E., and Stokey N.L. Optimal fiscal and monetary policy in an economy without capital. J. Monet. Econ. 12 (1983) 55-93
    • (1983) J. Monet. Econ. , vol.12 , pp. 55-93
    • Lucas, R.E.1    Stokey, N.L.2
  • 24
    • 0001260761 scopus 로고
    • A theory of optimum currency areas
    • Mundell R. A theory of optimum currency areas. Amer. Econ. Rev. 51 (1961) 657-675
    • (1961) Amer. Econ. Rev. , vol.51 , pp. 657-675
    • Mundell, R.1
  • 26
    • 0000292830 scopus 로고
    • Sticky prices in the United States
    • Rotemberg J.J. Sticky prices in the United States. J. Polit. Economy 90 (1982) 1187-1211
    • (1982) J. Polit. Economy , vol.90 , pp. 1187-1211
    • Rotemberg, J.J.1
  • 27
    • 1342327674 scopus 로고    scopus 로고
    • Optimal fiscal and monetary policy under sticky prices
    • Schmitt-Grohé S., and Uribe M. Optimal fiscal and monetary policy under sticky prices. J. Econ. Theory 114 (2004) 198-230
    • (2004) J. Econ. Theory , vol.114 , pp. 198-230
    • Schmitt-Grohé, S.1    Uribe, M.2
  • 28
    • 1642419189 scopus 로고    scopus 로고
    • Optimal fiscal and monetary policy with sticky prices
    • Siu H. Optimal fiscal and monetary policy with sticky prices. J. Monet. Econ. 51 (2004) 250-289
    • (2004) J. Monet. Econ. , vol.51 , pp. 250-289
    • Siu, H.1
  • 29
    • 0003053945 scopus 로고
    • Aggregate dynamics and staggered contracts
    • Taylor J. Aggregate dynamics and staggered contracts. J. Polit. Economy 88 (1980) 1-23
    • (1980) J. Polit. Economy , vol.88 , pp. 1-23
    • Taylor, J.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.