Exogenous shocks and exchange rate regimes

Using a dynamic stochastic general equilibrium (DSGE) model with nominal price rigidity and imperfect competition, we examine the impact of terms-of-trade and foreign interest rate shocks on some key macroeconomic variables for a small open economy under different exchange rate regimes. Numerical so...

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Bibliographic Details
Main Authors: Chia, Wai-Mun, Cheng, Tianyin, Li, Mengling
Other Authors: School of Humanities and Social Sciences
Format: Article
Language:English
Published: 2013
Online Access:https://hdl.handle.net/10356/97074
http://hdl.handle.net/10220/11760
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Institution: Nanyang Technological University
Language: English