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dc.contributor.authorWohltmann, Hans-Werneren_US
dc.contributor.authorWinkler, Roland C.en_US
dc.date.accessioned2009-01-29T14:13:21Z-
dc.date.available2009-01-29T14:13:21Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/22003-
dc.description.abstractThe paper analyzes the impacts of anticipated and unanticipated monetary policies on two large open economies that are dependent upon raw materials imports from a small third country. The analysis is based on asymmetric behavior on the supply side of both economies and an endogenous commod- ity pricing equation of Phillips' curve type. It is shown that an increase in the growth rate of domestic money supply is not neutral in the long run but induces contractionary output effects in both economies. The paper also dis- cusses the impacts of monetary policy rules that either reduce the in°ationary or contractionary output effects of commodity price shocks.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesEconomics working paper / Christian-Albrechts-Universität Kiel, Department of Economics 2005,17en_US
dc.subject.jelE63en_US
dc.subject.jelF42en_US
dc.subject.jelQ43en_US
dc.subject.ddc330en_US
dc.subject.keywordMonetary Policyen_US
dc.subject.keywordOil Price Shocksen_US
dc.subject.keywordInternational Policy Coordinationen_US
dc.subject.stwGeldpolitiken_US
dc.subject.stwOffene Volkswirtschaften_US
dc.subject.stwZwei-Länder-Modellen_US
dc.subject.stwMineralölpreisschocken_US
dc.subject.stwInternationale wirtschaftspolitische Koordinationen_US
dc.subject.stwTheorieen_US
dc.subject.stwDynamisches Modellen_US
dc.subject.stwTheorieen_US
dc.titleMonetary Policy Dynamics in Large Oil-Dependent Economiesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn504653784en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:cauewp:3834-
Appears in Collections:Economics Working Papers, Department of Economics, CAU Kiel

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