Open and Closed Economies

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This book compares the experiences of the Philippines and Vietnam to gain insight into how openness to trade and financing can increase prosperity. In contrast,

Monetary Policy in Open Versus Closed Economies in the Presence of Distortions

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This paper compares the monetary policy problem in open economies with that in closed economies. It is found that the monetary policy problems in open and close

Simultaneous and Successive Choice in Open and Closed Economies

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Optimal Monetary Policy in Closed Versus Open Economies

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This paper develops a new open economy macro model of optimal monetary for a small open economy. Our main result is that in this model, the optimal policy probl

Open-Economy Macroeconomics

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The integration of market economies is one of the most remarkable features of international economics, which has important implications for macroeconomic perfor