A Behavioral New Keynesian Model of a Small Open Economy Under Limited Foresight

A Behavioral New Keynesian Model of a Small Open Economy Under Limited Foresight
Author: Seunghoon Na
Publisher:
Total Pages: 0
Release: 2023
Genre: Foreign exchange rates
ISBN:
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"This paper investigates exchange rate dynamics in open economies by incorporating bounded rationality. We develop a small open-economy New Keynesian model with an incomplete asset market, wherein decision-makers possess limited foresight and can plan for only a finite distance into the future"--Abstract.


A Behavioral New Keynesian Model of a Small Open Economy Under Limited Foresight
Language: en
Pages: 0

A Behavioral New Keynesian Model of a Small Open Economy Under Limited Foresight

Authors: Seunghoon Na
Categories: Foreign exchange rates
Type: BOOK - Published: 2023 - Publisher:

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"This paper investigates exchange rate dynamics in open economies by incorporating bounded rationality. We develop a small open-economy New Keynesian model with
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Language: en
Pages: 27

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Categories:
Type: BOOK - Published: 2010 - Publisher:

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Categories: Business & Economics
Type: BOOK - Published: 2012-10-14 - Publisher: Princeton University Press

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In mainstream economics, and particularly in New Keynesian macroeconomics, the booms and busts that characterize capitalism arise because of large external shoc
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Authors: Jordi Galí
Categories: Business & Economics
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The classic introduction to the New Keynesian economic model This revised second edition of Monetary Policy, Inflation, and the Business Cycle provides a rigoro
Dominant Currency Paradigm: A New Model for Small Open Economies
Language: en
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Categories: Business & Economics
Type: BOOK - Published: 2017-11-22 - Publisher: International Monetary Fund

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Most trade is invoiced in very few currencies. Despite this, the Mundell-Fleming benchmark and its variants focus on pricing in the producer’s currency or in