New Open Economy Macroeconomics

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dc.contributor.author CORSETTI, Giancarlo
dc.date.accessioned 2011-05-30T13:39:58Z
dc.date.available 2011-05-30T13:39:58Z
dc.date.issued 2008-01-01
dc.identifier.citation Steven N. DURLAUF and Lawrence E. BLUME (eds), The New Palgrave Dictionary of Economics, Second Edition, Palgrave Macmillan, 2008, online chapter en
dc.identifier.uri http://hdl.handle.net/1814/17632
dc.description.abstract ‘New open economy macroeconomics’ (NOEM) refers to a body of literature embracing a new theoretical framework for policy analysis in open economy, aiming to overcome the limitations of the Mundell-Fleming model while preserving the empirical wisdom and policy friendliness of traditional analysis. NOEM contributions have developed general equilibrium models with imperfect competition and nominal rigidities, to reconsider conventional views on the transmission of monetary and exchange rate shocks; they have contributed to the design of optimal stabilization policies, identifying international dimensions of optimal monetary policy; and they have raised issues about the desirability of international policy coordination. en
dc.language.iso en en
dc.title New Open Economy Macroeconomics en
dc.type Contribution to book en
dc.identifier.doi 10.1057/9780230226203.1185
dc.neeo.contributor CORSETTI|Giancarlo|aut|EUI70002


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