Now showing items 1-11 of 11

  • Conventional and unconventional monetary policy in a DSGE model with an interbank market friction 

    Chen, Jinyu (University of St Andrews, 2014-06-27) - Thesis
    This thesis examines both conventional and unconventional monetary policies in a DSGE model with an interbank market friction. The recent crisis during 2007-2009 affected economies worldwide and forced central banks to ...
  • Endogenous Price Flexibility and Optimal Monetary Policy 

    Sutherland, Alan; Senay, Ozge (Centre for Dynamic Macroeconomic Analysis, 2010) - Working or discussion paper
    Much of the literature on optimal monetary policy uses models in which the degree of nominal price flexibility is exogenous. There are, however, good reasons to suppose that the degree of price flexibility adjusts endogenously ...
  • Endogenous price flexibility and optimal monetary policy 

    Senay, Ozge; Sutherland, Alan (2014) - Journal article
    Much of the literature on optimal monetary policy uses models in which the degree of nominal price flexibility is exogenous. There are, however, good reasons to suppose that the degree of price flexibility adjusts endogenously ...
  • Endogenous price flexibility and optimal monetary policy 

    Senay, Ozge; Sutherland, Alan (2010-11) - Working or discussion paper
    Much of the literature on optimal monetary policy uses models in which the degree of nominal price flexibility is exogenous. There are, however, good reasons to suppose that the degree of price flexibility adjusts endogenously ...
  • Essays on international portfolio choices and capital flows 

    Zhang, Ning (University of St Andrews, 2016) - Thesis
    The goal of this thesis is to study the international portfolio choices of countries in an asymmetric world. In practice, this corresponds to the salient facts of country portfolios and the underlying structural asymmetries ...
  • Local currency pricing, foreign monetary shocks and exchange rate policy 

    Senay, Ozge; Sutherland, Alan (2015-09-01) - Journal article
    The implications of local currency pricing (LCP) for monetary regime choice are analysed for a country facing foreign monetary shocks. In this analysis expenditure switching is potentially welfare reducing. This contrasts ...
  • Nominal Stability and Financial Globalization 

    Devereux, Michael B.; Senay, Ozge; Sutherland, Alan (2014-08) - Journal article
    Over the past four decades, there has been a substantial increase in financial globalization, that is, rapid growth in gross external portfolio positions. There has also been a substantial fall in the variability of ...
  • Nominal stability and financial globalization 

    Devereux, Michael B; Senay, Ozge; Sutherland, Alan (University of St Andrews, 2013-09-30) - Working or discussion paper
    Over the past four decades, advanced economies experienced a large growth in gross external portfolio positions. This phenomenon has been described as Financial Globalization. Over roughly the same time frame, most of these ...
  • Nominal stability and financial globalization 

    Devereux, Michael B.; Senay, Ozge; Sutherland, Alan (University of St Andrews, 2013-09-30) - Working or discussion paper
    Over the past four decades, advanced economies experienced a large growth in gross external portfolio positions. This phenomenon has been described as Financial Globalization. Over roughly the same time frame, most of these ...
  • The timing of asset trade and optimal monetary policy in dynamic open economies 

    Senay, Ozge; Sutherland, Alan (University of St Andrews, 2010) - Working or discussion paper
    Using a standard open economy DSGE model, it is shown that the timing of asset trade relative to policy decisions has a potentially important impact on the welfare evaluation of monetary policy at the individual country ...
  • The timing of asset trade and optimal policy in dynamic open economies 

    Senay, Ozge; Sutherland, Alan (2013-12) - Journal article
    Using a standard open economy DSGE model, it is shown that the timing of asset trade relative to policy decisions has a potentially important impact on the welfare evaluation of monetary policy at the individual country ...