| dc.contributor | 經濟系 | |
| dc.creator (作者) | 劉世夫;賴景昌;黃俞寧 | zh_TW |
| dc.creator (作者) | Liu, Shih-Fu;Hwang, Yu-Ning;Lai, Ching-Chong | |
| dc.date (日期) | 2016-12 | |
| dc.date.accessioned | 21-Jun-2017 10:43:54 (UTC+8) | - |
| dc.date.available | 21-Jun-2017 10:43:54 (UTC+8) | - |
| dc.date.issued (上傳時間) | 21-Jun-2017 10:43:54 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/110466 | - |
| dc.description.abstract (摘要) | This paper develops a two-country, two-sector model under both monetary union and flexible exchange rate regimes featured with trade openness differentials, and then uses it to examine the relative macroeconomic effects of trade openness under both regimes. Some main results emerge from our analysis regarding an adverse shock of either country-wide productivity or country-wide government expenditure. First, the decline in output is greater for a country with low openness under both regimes. Second, the monetary union will result in a greater decline in output if the monetary authority attaches a higher weight to output stabilization. Third, the high elasticity of substitution results in a greater difference in output between the two regimes. | |
| dc.format.extent | 3652270 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | International Review of Economics and Finance, | |
| dc.subject (關鍵詞) | Flexible exchange rates; Monetary union; Monetary policy | |
| dc.title (題名) | Internal Imbalances in the Monetary Union with Asymmetric Openness | |
| dc.type (資料類型) | article | |
| dc.identifier.doi (DOI) | 10.1016/j.iref.2017.03.012 | |
| dc.doi.uri (DOI) | http://dx.doi.org/10.1016/j.iref.2017.03.012 | |
