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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/17764Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Pierdzioch, Christian | - |
| dc.creator | Yener, Serkan | - |
| dc.date | 2004 | - |
| dc.date.accessioned | 2013-10-16T06:56:38Z | - |
| dc.date.available | 2013-10-16T06:56:38Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/17764 | - |
| dc.identifier | ppn:389161829 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/17764 | - |
| dc.description | Results of empirical research have revealed a characteristic hump-shaped effect of monetary policy shocks on output: the effect builds to a peak after several months and then gradually dies out. We analyze, in the context of a "new open economy macroeconomics" model, factors that imply a hump- shaped effect of a monetary policy shock on output. We find that a hump- shaped effect of output is likely to result if the model features a "catching up with the Joneses" effect, pricing-to-market behavior of firms, and imperfect international financial market integration. | - |
| dc.language | eng | - |
| dc.publisher | Kiel Institute for the World Economy (IfW) Kiel | - |
| dc.relation | Kieler Arbeitspapiere 1214 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | F31 | - |
| dc.subject | F32 | - |
| dc.subject | F41 | - |
| dc.subject | ddc:330 | - |
| dc.subject | Monetary policy | - |
| dc.subject | Catching up with the Joneses | - |
| dc.subject | Pricing-to-market | - |
| dc.subject | International financial markets | - |
| dc.subject | Geldpolitik | - |
| dc.subject | Schock | - |
| dc.subject | Gesamtwirtschaftliche Produktion | - |
| dc.subject | Neue Makroökonomik offener Volkswirtschaften | - |
| dc.subject | Theorie | - |
| dc.title | On the Hump-Shaped Output Effect of Monetary Policy in an Open Economy | - |
| dc.type | doc-type:workingPaper | - |
| Appears in Collections: | EconStor | |
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