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Foreign debt, welfare cost and monetary policy rules in a small open economy. / 外債, 福利損失及貨幣政策: 一個小型開放經濟體的視角 / Wai zhai, fu li sun shi ji huo bi zheng ce: yi ge xiao xing kai fang jing ji ti de shi jiao

Li, Wei. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2008. / Includes bibliographical references (leaves 50-53). / Abstracts in English and Chinese. / Abstract --- p.i / 摘要 --- p.ii / Acknowledgement --- p.iii / Chapter 1. --- Introduction --- p.1 / Chapter 2. --- The Model --- p.8 / Chapter 2.1. --- Feature of the model --- p.8 / Chapter 2.2. --- Households --- p.9 / Chapter 2.3. --- Firms --- p.12 / Chapter 2.3.1. --- Firms in Non-traded Sector --- p.12 / Chapter 2.3.2. --- Firms in Traded Sector --- p.13 / Chapter 2.4. --- Monetary Policy Rules --- p.14 / Chapter Case I: --- Target the Inflation Rate in Non-Traded Sector (NPT) --- p.15 / Chapter Case II: --- Target the CPI Inflation Rate (CPI) --- p.15 / Chapter Case III: --- Target the Nominal Exchange Rate (FER) --- p.15 / Chapter 2.5. --- Equilibrium --- p.16 / Chapter 3. --- Calibration and Shocks --- p.17 / Chapter 3.1. --- Calibration --- p.17 / Chapter 3.2. --- Shocks --- p.20 / Chapter 4. --- Dynamics of the Model --- p.22 / Chapter 4.1. --- Impulse Response to Sector Technology Shocks --- p.23 / Chapter 4.1.1. --- Technology Shock in the Non-traded Sector --- p.23 / Chapter 4.1.2. --- Technology Shock in the Traded Sector --- p.25 / Chapter 4.2. --- Impulse Response to Foreign Interest Rate Shocks --- p.25 / Chapter 4.3. --- Impulse Response to Terms of Trade Shocks --- p.26 / Chapter 5. --- Welfare Comparison and Consumption Equivalent Analysis --- p.26 / Chapter 5.1. --- Welfare Comparison under Alternative Policy Rule and Debt Level --- p.27 / Chapter 5.2. --- Robustness Check --- p.30 / Chapter 5.3. --- Policy Implications of the findings --- p.34 / Chapter 6. --- Conclusion --- p.35 / Appendix I. Impulse Response to the Shocks --- p.36 / Appendix II. Technical Derivation of the Model --- p.43 / "Appendix III. Equilibrium, Steady State and Shocks" --- p.47

Identiferoai:union.ndltd.org:cuhk.edu.hk/oai:cuhk-dr:cuhk_326365
Date January 2008
ContributorsLi, Wei., Chinese University of Hong Kong Graduate School. Division of Economics.
Source SetsThe Chinese University of Hong Kong
LanguageEnglish, Chinese
Detected LanguageEnglish
TypeText, bibliography
Formatprint, iv, 53 leaves : ill. ; 30 cm.
RightsUse of this resource is governed by the terms and conditions of the Creative Commons “Attribution-NonCommercial-NoDerivatives 4.0 International” License (http://creativecommons.org/licenses/by-nc-nd/4.0/)

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