 | Financial Globalization and Monetary Policy Author/Editor: Michael B. Devereux, Alan Sutherland. Release Date:December, 2007 What does financial globalization imply for the design of monetary policy? Does the case for price stability change in an environment of large cross country gross asset holdings?. This paper is more...
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| Country Portfolio Dynamics Author/Editor: Alan Sutherland, Michael B Devereux. Release Date:December, 2007 This paper presents a general approximation method for characterizing time-varying equilibrium portfolios in a two-country dynamic general equilibrium model. the method can be easily adapted to most more...
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| Solving for Country Portfolios in Open Economy Macro Models Author/Editor: Michael B Devereux, Alan Sutherland. Release Date:December, 2007 This paper presents a general approximation method for characterizing time-varying equilibrium portfolios in a two-country dynamic general equilibrium model. the method can be easily adapted to most more...
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| Contacts, Credibility and Common Knowledge : Their Influenceon Inflation Convergence Author/Editor: Marcus Miller, Alan Sutherland. Release Date:March, 1992 In this paper three possible reasons are examined for a sluggish inflation response to a hard currency peg. Models of overlapping wage contracts are analyzed and shown to generate little inertia. more...
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