Measuring Uncertainty and Its Impact on a Small Open Economy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Measuring Uncertainty and Its Impact on a Small Open Economy write by Lucy Greig. This book was released on 2018. Measuring Uncertainty and Its Impact on a Small Open Economy available in PDF, EPUB and Kindle. We study the effect of uncertainty in New Zealand, a small open economy, by considering global and New Zealand-specific uncertainty proxies, including several US- and global-centric measures and two novel New Zealand-specific uncertainty proxies constructed using surveys of New Zealand firms and professional forecasters. We study the effect of uncertainty on a set of New Zealand macroeconomic variables. While all of the uncertainty proxies contain valuable information to understand macroeconomic fluctuations in New Zealand, a simple SVAR analysis suggests that global uncertainty is more important than domestic uncertainty in driving the New Zealand business cycle. The implications of uncertainty for monetary policy largely depend on how heightened uncertainty interacts with monetary policy objectives.
Measuring Uncertainty and Its Impact on the Economy
Measuring Uncertainty and Its Impact on the Economy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Measuring Uncertainty and Its Impact on the Economy write by Andrea Carriero. This book was released on 2016. Measuring Uncertainty and Its Impact on the Economy available in PDF, EPUB and Kindle.
Measuring Uncertainty and Its Effects on the Economy
Measuring Uncertainty and Its Effects on the Economy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Measuring Uncertainty and Its Effects on the Economy write by Wei-Fong Pan. This book was released on 2021. Measuring Uncertainty and Its Effects on the Economy available in PDF, EPUB and Kindle.
Measuring Uncertainty and Its Effects in the COVID-19 Era
Measuring Uncertainty and Its Effects in the COVID-19 Era - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Measuring Uncertainty and Its Effects in the COVID-19 Era write by Andrea Carriero. This book was released on 2020. Measuring Uncertainty and Its Effects in the COVID-19 Era available in PDF, EPUB and Kindle.
Monetary Policy and Uncertainty in an Empirical Small Open Economy Model
Monetary Policy and Uncertainty in an Empirical Small Open Economy Model - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Monetary Policy and Uncertainty in an Empirical Small Open Economy Model write by Alejandro Justiniano. This book was released on 2009. Monetary Policy and Uncertainty in an Empirical Small Open Economy Model available in PDF, EPUB and Kindle. This paper explores optimal policy design in an estimated model of three small open economies: Australia, Canada and New Zealand. Within a class of generalized Taylor rules, we show that to stabilize a weighted objective of output, consumer price inflation and nominal interest variation optimal policy does not respond to the nominal exchange. This is despite the presence of local currency pricing and due, in large part, to observed exchange rate disconnect in these economies. Optimal policies that account for the uncertainty of model estimates, as captured by the parameters' posterior distrbution, similarly exhibit a lack of exchange rate response. In contrast to Brainard (1967), the presence of parameter uncertainty can lead to more or less aggressive policy responses, depending on the model at hand.
