Yen Bloc or Yuan Bloc : : An Analysis of Currency Arrangements in East Asia / / Kazuko Shirono |
Autore | Shirono Kazuko |
Edizione | [1st ed.] |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
Descrizione fisica | 1 online resource (34 p.) |
Disciplina | 330.4 |
Collana | IMF Working Papers |
Soggetto topico |
Money - East Asia
Monetary policy - East Asia Econometrics Exports and Imports Money and Monetary Policy Trade: General Economic Integration Financial Aspects of Economic Integration Monetary Systems Standards Regimes Government and the Monetary System Payment Systems Trade Policy International Trade Organizations Computable and Other Applied General Equilibrium Models International economics Monetary economics Econometrics & economic statistics Monetary unions Currencies Plurilateral trade Regional trade General equilibrium models Economic integration Money International trade Econometric analysis Econometric models |
ISBN |
1-4623-9009-9
1-4527-5411-X 1-282-84226-9 9786612842269 1-4518-7150-3 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Contents; I. Introduction; II. Economic Trend in East Asia: 1990-2003; Tables; 1. The Growth Rate of Per Capita Income, 1990-2003 Average; Figures; 11. Share of Regional Trade; 12. Trade Share of Japan and the U.S; 2. Japan's Trade Partners; III. Gravity Model; A. Theory; B. Empirical Specification; IV. The Effects of Common Currencies; A. Data; B. Estimation Results; 3. Gravity Model Estimation Results; 4. Robustness Check; V. Yen Zone and Dollar Zone Revisited; A. Japan's Regional Economic Cooperation; B. Bilateral and Multilateral Currency Unions; 13. Trade Effects of Common Currency
14. Welfare Effects of Common CurrencyVI. Yen Bloc or Yuan Bloc; A. Common Currency Arrangements in East Asia; 15. Trade Effects of Currency Unions; 16. Welfare Effects of Currency Unions; B. Sub-Regional Currency Unions; 5. Bilateral Arrangements vs. Regional Arrangements; 6. Common Currency Arrangements in East Asia - Trade Effects; 7. Common Currency Arrangements in East Asia - Welfare Effects; 8. Common Currency Arrangements with Australia and New Zealand-Trade Effects; 9. Common Currency Arrangements with Australia and New Zealand-Welfare Effects; C. Impact on the United States 10. Impact on the United StatesVII. Conclusion; References; Appendix Figures; A1. Imports from Germany to France; A2. Imports from Netherlands to Austria |
Record Nr. | UNINA-9910825602703321 |
Shirono Kazuko
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Washington, D.C. : , : International Monetary Fund, , 2009 | ||
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Lo trovi qui: Univ. Federico II | ||
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“Monetary and Fiscal Rules in an Emerging Small Open Economy” / / Paul Levine, Joseph Pearlman, Nicoletta Batini |
Autore | Levine Paul |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
Descrizione fisica | 1 online resource (80 p.) |
Altri autori (Persone) |
PearlmanJoseph
BatiniNicoletta |
Collana | IMF Working Papers |
Soggetto topico |
Monetary policy - Developing countries
Fiscal policy - Developing countries Banks and Banking Macroeconomics Money and Monetary Policy Public Finance Fiscal Policy Macroeconomics: Consumption Saving Wealth Interest Rates: Determination, Term Structure, and Effects Monetary Systems Standards Regimes Government and the Monetary System Payment Systems Finance Monetary economics Consumption Fiscal policy Fiscal rules Zero lower bound Currencies Economics Interest rates Money |
ISBN |
1-4623-0936-4
1-4527-1173-9 1-4518-7169-4 1-282-84244-7 9786612842443 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Contents; I. Introduction; II. The Model; A. Households; B. Firms; C. The Government Budget Constraint and Foreign Asset Accumulation; D. The Equilibrium; E. Specialization of the Household's Utility Function; F. State Space Representation; G. The Small Open Economy; H. Calibration; III. Monetary Policy Interest Rate Rules; IV. Fiscal Rules; A. A Conventional Fiscal Rule; B. The Structural Fiscal Surplus Rule; V. Imposing the Nominal Interest Rate Zero Lower Bound; VI. Optimal Monetary and Fiscal Policy with Financial Frictions; A. Imposing the ZLB; Figures; 1. Imposition of ZLB: Model I
2. Imposition of ZLB: Model IIIB. Welfare Decomposition; C. Impulse Responses; 3. Impulse Responses to a-1 Percent Technology Shock. Models I, II, and III; VII. The Performance of Optimized Simple Rules; 4. Imposition of ZLB: Flex(D)+Conventional Fiscal Rule, Model I; 5. Imposition of ZLB: Flex(D)+Conventional Fiscal Rule: Model III; VIII. Conclusions; Tables; 1. Notation for Prices; 2. Welfare Outcomes Under Optimal Policy: No ZLB Constraint; 3. Optimal Policy with a ZLB Constraint: Monetary Policy Only for Model I 4. Optimal Commitment with a ZLB Constraint. Monetary Plus Fiscal Policy for Model I5. Welfare Outcomes Under Optimal Policy: ZLB Constraint; 6. Welfare Decomposition of Shocks; 7. Welfare Outcomes Under Optimized Simple Rules: FLEX (D) with a Conventional Fiscal Rule. Models I, II and III; 8. Welfare Outcomes Under Optimized Simple Rules: FIX with a Conventional Fiscal Rule. Models I, II and III; 9. Welfare Outcomes Under Optimized Simple Rules: FLEX(C) with a Conventional Fiscal Rule. Models I, II and III 10. Welfare Outcomes Under Optimized Simple Rules: FLEX(D) with a Modified SFSR. Models I, II and IIIAppendixes; 1. The Steady State; 2. Linearization; 3. Calibration and Estimation; 4. Quadratic Approximation of the Welfare Loss |
Record Nr. | UNINA-9910788349003321 |
Levine Paul
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Washington, D.C. : , : International Monetary Fund, , 2009 | ||
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Lo trovi qui: Univ. Federico II | ||
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“Monetary and Fiscal Rules in an Emerging Small Open Economy” / / Paul Levine, Joseph Pearlman, Nicoletta Batini |
Autore | Levine Paul |
Edizione | [1st ed.] |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
Descrizione fisica | 1 online resource (80 p.) |
Disciplina | 332.4;332.41 |
Altri autori (Persone) |
PearlmanJoseph
BatiniNicoletta |
Collana | IMF Working Papers |
Soggetto topico |
Monetary policy - Developing countries
Fiscal policy - Developing countries Banks and Banking Macroeconomics Money and Monetary Policy Public Finance Fiscal Policy Macroeconomics: Consumption Saving Wealth Interest Rates: Determination, Term Structure, and Effects Monetary Systems Standards Regimes Government and the Monetary System Payment Systems Finance Monetary economics Consumption Fiscal policy Fiscal rules Zero lower bound Currencies Economics Interest rates Money |
ISBN |
1-4623-0936-4
1-4527-1173-9 1-4518-7169-4 1-282-84244-7 9786612842443 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Contents; I. Introduction; II. The Model; A. Households; B. Firms; C. The Government Budget Constraint and Foreign Asset Accumulation; D. The Equilibrium; E. Specialization of the Household's Utility Function; F. State Space Representation; G. The Small Open Economy; H. Calibration; III. Monetary Policy Interest Rate Rules; IV. Fiscal Rules; A. A Conventional Fiscal Rule; B. The Structural Fiscal Surplus Rule; V. Imposing the Nominal Interest Rate Zero Lower Bound; VI. Optimal Monetary and Fiscal Policy with Financial Frictions; A. Imposing the ZLB; Figures; 1. Imposition of ZLB: Model I
2. Imposition of ZLB: Model IIIB. Welfare Decomposition; C. Impulse Responses; 3. Impulse Responses to a-1 Percent Technology Shock. Models I, II, and III; VII. The Performance of Optimized Simple Rules; 4. Imposition of ZLB: Flex(D)+Conventional Fiscal Rule, Model I; 5. Imposition of ZLB: Flex(D)+Conventional Fiscal Rule: Model III; VIII. Conclusions; Tables; 1. Notation for Prices; 2. Welfare Outcomes Under Optimal Policy: No ZLB Constraint; 3. Optimal Policy with a ZLB Constraint: Monetary Policy Only for Model I 4. Optimal Commitment with a ZLB Constraint. Monetary Plus Fiscal Policy for Model I5. Welfare Outcomes Under Optimal Policy: ZLB Constraint; 6. Welfare Decomposition of Shocks; 7. Welfare Outcomes Under Optimized Simple Rules: FLEX (D) with a Conventional Fiscal Rule. Models I, II and III; 8. Welfare Outcomes Under Optimized Simple Rules: FIX with a Conventional Fiscal Rule. Models I, II and III; 9. Welfare Outcomes Under Optimized Simple Rules: FLEX(C) with a Conventional Fiscal Rule. Models I, II and III 10. Welfare Outcomes Under Optimized Simple Rules: FLEX(D) with a Modified SFSR. Models I, II and IIIAppendixes; 1. The Steady State; 2. Linearization; 3. Calibration and Estimation; 4. Quadratic Approximation of the Welfare Loss |
Record Nr. | UNINA-9910825602303321 |
Levine Paul
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Washington, D.C. : , : International Monetary Fund, , 2009 | ||
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Lo trovi qui: Univ. Federico II | ||
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