Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen:
https://hdl.handle.net/10419/17691
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Pierdzioch, Christian | en |
dc.date.accessioned | 2009-01-28T14:58:51Z | - |
dc.date.available | 2009-01-28T14:58:51Z | - |
dc.date.issued | 2003 | - |
dc.identifier.uri | http://hdl.handle.net/10419/17691 | - |
dc.description.abstract | A dynamic general equilibrium two-country optimizing model is used to analyze the welfare effects of monetary policy in open economies. The distinguishing feature of the model is that households' preferences feature a "keeping up with the Joneses" effect. This effect implies that households' utility depends upon the level of their consumption relative to the aggregate level of consumption. The model implies that, depending on the strength of the "keeping up with the Joneses" effect, an expansive monetary policy can be a "beggar-thyself" policy. Moreover, the welfare effects of monetary policy are asymmetric across countries. | en |
dc.language.iso | eng | en |
dc.publisher | |aKiel Institute for World Economics (IfW) |cKiel | en |
dc.relation.ispartofseries | |aKiel Working Paper |x1166 | en |
dc.subject.jel | F42 | en |
dc.subject.jel | F41 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Monetary policy | en |
dc.subject.keyword | Consumption externality | en |
dc.subject.keyword | Welfare effects | en |
dc.subject.stw | Geldpolitik | en |
dc.subject.stw | Neue Makroökonomik offener Volkswirtschaften | en |
dc.subject.stw | Offene Volkswirtschaft | en |
dc.subject.stw | Allgemeines Gleichgewicht | en |
dc.subject.stw | Konsuminterdependenz | en |
dc.subject.stw | Wohlfahrtseffekt | en |
dc.subject.stw | Theorie | en |
dc.title | Keeping Up with the Joneses: Implications for the Welfare Effects of Monetary Policy in Open Economies | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 364355298 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:ifwkwp:1166 | en |
Datei(en):
Publikationen in EconStor sind urheberrechtlich geschützt.