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Is monetary sovereignty an option for the small open economy?

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  • Paraskevopoulos, Christos C.
  • Paschakis, John
  • Smithin, John

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  • Paraskevopoulos, Christos C. & Paschakis, John & Smithin, John, 1996. "Is monetary sovereignty an option for the small open economy?," The North American Journal of Economics and Finance, Elsevier, vol. 7(1), pages 5-18.
    • Handle: RePEc:eee:ecofin:v:7:y:1996:i:1:p:5-18
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    2. Huizinga, John & Mishkin, Frederic S., 1986. "Monetary policy regime shifts and the unusual behavior of real interest rates," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 24(1), pages 231-274, January.
    3. Robert J. Shiller, 1980. "Can the Fed Control Real Interest Rates?," NBER Chapters, in: Rational Expectations and Economic Policy, pages 117-167, National Bureau of Economic Research, Inc.
    4. Frankel, Jeffrey A, 1992. "Measuring International Capital Mobility: A Review," American Economic Review, American Economic Association, vol. 82(2), pages 197-202, May.
    5. Fama, Eugene F. & Gibbons, Michael R., 1982. "Inflation, real returns and capital investment," Journal of Monetary Economics, Elsevier, vol. 9(3), pages 297-323.
    6. Barro, Robert J., 1989. "Interest-rate targeting," Journal of Monetary Economics, Elsevier, vol. 23(1), pages 3-30, January.
    7. Myatt, Anthony, 1985. "The adverse supply-side effects of high interest rates and procyclical real wage movements," Journal of Macroeconomics, Elsevier, vol. 7(2), pages 237-246.
    8. McCallum, Bennett T., 1986. "Some issues concerning interest rate pegging, price level determinacy, and the real bills doctrine," Journal of Monetary Economics, Elsevier, vol. 17(1), pages 135-160, January.
    9. M. L. Burstein, 1988. "Studies in Banking Theory, Financial History and Vertical Control," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-09978-8, March.
    10. McCallum, John, 1990. "A test of a Keynesian alternative to Hercowitz's aggregate supply theory," Journal of Monetary Economics, Elsevier, vol. 25(1), pages 145-150, January.
    11. Fama, Eugene F, 1975. "Short-Term Interest Rates as Predictors of Inflation," American Economic Review, American Economic Association, vol. 65(3), pages 269-282, June.
    12. Smithin, John N., 1986. "The length of the production period and effective stabilization policy," Journal of Macroeconomics, Elsevier, vol. 8(1), pages 55-62.
    13. William H. Branson, 1988. "Sources of Misalignment in the 1980s," NBER Chapters, in: Misalignment of Exchange Rates: Effects on Trade and Industry, pages 9-38, National Bureau of Economic Research, Inc.
    14. Mishkin, Frederic S., 1981. "The real interest rate: An empirical investigation," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 15(1), pages 151-200, January.
    15. McCallum, Bennett T., 1990. "Inflation: Theory and evidence," Handbook of Monetary Economics, in: B. M. Friedman & F. H. Hahn (ed.), Handbook of Monetary Economics, edition 1, volume 2, chapter 18, pages 963-1012, Elsevier.
    16. Olivier Jean Blanchard & Stanley Fischer, 1989. "Lectures on Macroeconomics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262022834, April.
    17. Hercowitz, Zvi, 1986. "The real interest rate and aggregate supply," Journal of Monetary Economics, Elsevier, vol. 18(2), pages 121-145, September.
    18. Stanley Fischer, 1980. "Rational Expectations and Economic Policy," NBER Books, National Bureau of Economic Research, Inc, number fisc80-1.
    19. Thomas M. Humphrey, 1982. "The real bills doctrine," Economic Review, Federal Reserve Bank of Richmond, vol. 68(Sep), pages 3-13.
    20. Mohsin S. Khan & Roberto Zahler, 1985. "Trade and Financial Liberalization Given External Shocks and Inconsistent Domestic Policies (La libéralisation commerciale et financière: incidence de l'environnement extérieur et effets des politi," IMF Staff Papers, Palgrave Macmillan, vol. 32(1), pages 22-55, March.
    21. John Smithin, 1994. "Controversies In Monetary Economics," Books, Edward Elgar Publishing, number 412.
    22. Goodhart, Charles, 1989. "The Conduct of Monetary Policy," Economic Journal, Royal Economic Society, vol. 99(396), pages 293-346, June.
    23. Richard C. Marston, 1988. "Misalignment of Exchange Rates: Effects on Trade and Industry," NBER Books, National Bureau of Economic Research, Inc, number mars88-1.
    24. William H. Branson & Jacob A. Frenkel & Morris Goldstein, 1990. "International Policy Coordination and Exchange Rate Fluctuations," NBER Books, National Bureau of Economic Research, Inc, number bran90-1.
    25. Sargent, Thomas J & Wallace, Neil, 1975. ""Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule," Journal of Political Economy, University of Chicago Press, vol. 83(2), pages 241-254, April.
    26. MacKinnon, Keith & Smithin, John, 1993. "An interest rate peg, inflation and output," Journal of Macroeconomics, Elsevier, vol. 15(4), pages 769-785.
    27. Hercowitz, Zvi, 1990. "Time-to-produce or a Keynesian is curve? : Reply to John McCallum," Journal of Monetary Economics, Elsevier, vol. 25(1), pages 151-153, January.
    28. Giovanna Mossetti, 1990. "Inside Money, Output, and Inventories in a Business Cycle," Canadian Journal of Economics, Canadian Economics Association, vol. 23(2), pages 381-399, May.
    29. Robert Mundell, 1963. "Inflation and Real Interest," Journal of Political Economy, University of Chicago Press, vol. 71(3), pages 280-280.
    30. Lucas, Robert E, Jr & Rapping, Leonard A, 1969. "Real Wages, Employment, and Inflation," Journal of Political Economy, University of Chicago Press, vol. 77(5), pages 721-754, Sept./Oct.
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    Cited by:

    1. Kam, Eric & Smithin, John, 2008. "‘Unequal Partners’: The Role of International Financial Flows and the Exchange Rate Regime," The Journal of Economic Asymmetries, Elsevier, vol. 5(1), pages 125-137.
    2. Paschakis, John & Smithin, John, 1998. "Exchange Risk and the Supply-Side Effects of Real Interest Rate Changes," Journal of Macroeconomics, Elsevier, vol. 20(4), pages 703-720, October.

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