Shared more. Cited more. Safe forever.
    • advanced search
    • submit works
    • about
    • help
    • contact us
    • login
    View Item 
    •   MOspace Home
    • University of Missouri-Columbia
    • Graduate School - MU Theses and Dissertations (MU)
    • Theses and Dissertations (MU)
    • Dissertations (MU)
    • 2009 Dissertations (MU)
    • 2009 MU dissertations - Access restricted to MU
    • View Item
    •   MOspace Home
    • University of Missouri-Columbia
    • Graduate School - MU Theses and Dissertations (MU)
    • Theses and Dissertations (MU)
    • Dissertations (MU)
    • 2009 Dissertations (MU)
    • 2009 MU dissertations - Access restricted to MU
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.
    advanced searchsubmit worksabouthelpcontact us

    Browse

    All of MOspaceCommunities & CollectionsDate IssuedAuthor/ContributorTitleIdentifierThesis DepartmentThesis AdvisorThesis SemesterThis CollectionDate IssuedAuthor/ContributorTitleIdentifierThesis DepartmentThesis AdvisorThesis Semester

    Statistics

    Most Popular ItemsStatistics by CountryMost Popular AuthorsStatistics by Referrer

    Macroeconomic trade-offs in small open economies

    Chu, Shiou-Yen, 1979-
    View/Open
    [PDF] public.pdf (2.366Kb)
    [PDF] short.pdf (8.836Kb)
    [PDF] research.pdf (782.0Kb)
    Date
    2009
    Format
    Thesis
    Metadata
    [+] Show full item record
    Abstract
    [ACCESS RESTRICTED TO THE UNIVERSITY OF MISSOURI AT REQUEST OF AUTHOR.] This paper addresses the issue of output gap, inflation and exchange rate trade-offs in small open economies. The weights imposed on output gap, inflation rate and exchange rate in the policy objective function are estimated to examine two scenarios: First, an inflation-targeting country will gain the credibility bonus under a precommitment policy and have a favorable output-inflation tradeoff. Second, a country with a linked fixed exchange rate regime is relatively more concerned about exchange rate stabilization and imposes a greater weight on the exchange rate. We choose New Zealand, Hong Kong and Singapore as the analytic examples. The estimation results from Generalized Method of Moments and Ordinary Least Squares support our second intuition, but bring about a discussion of nominal rigidity and credibility gains under inflation targeting.
    URI
    https://hdl.handle.net/10355/6887
    https://doi.org/10.32469/10355/6887
    Degree
    Ph. D.
    Thesis Department
    Economics (MU)
    Rights
    Access is limited to the campus of the University of Missouri--Columbia.
    Collections
    • 2009 MU dissertations - Access restricted to MU
    • Economics electronic theses and dissertations (MU)

    Send Feedback
    hosted by University of Missouri Library Systems
     

     


    Send Feedback
    hosted by University of Missouri Library Systems