2019
DOI: 10.1111/roie.12453
|View full text |Cite
|
Sign up to set email alerts
|

Can trade openness affect the monetary transmission mechanism?

Abstract: This paper explores how trade openness influences the monetary transmission mechanism. The theoretical analysis develops an open economy New Keynesian model that features one‐way offshoring from an advanced economy to a less developed one. The model suggests that greater openness to regular trade or to offshoring reduces the effect of monetary policy on domestic economies, although these two influences affect the monetary transmission mechanism via different channels. The empirical section estimates an interac… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
1

Citation Types

0
1
0

Year Published

2020
2020
2024
2024

Publication Types

Select...
2

Relationship

0
2

Authors

Journals

citations
Cited by 2 publications
(1 citation statement)
references
References 68 publications
(114 reference statements)
0
1
0
Order By: Relevance
“…[ 10 ] Zhang and Liu pointed out that the policy focus in 2020 is still on the dynamic balance between stable growth and stable leverage. [ 11 ] Some scholars focus on specific industry areas, and have studied the impact of the epidemic on the development of the industry. Han and Zhu analyzed the operation difficulties of mining enterprises during the epidemic prevention and control period, and put forward several issues worthy of attention in future policies.…”
Section: Introductionmentioning
confidence: 99%
“…[ 10 ] Zhang and Liu pointed out that the policy focus in 2020 is still on the dynamic balance between stable growth and stable leverage. [ 11 ] Some scholars focus on specific industry areas, and have studied the impact of the epidemic on the development of the industry. Han and Zhu analyzed the operation difficulties of mining enterprises during the epidemic prevention and control period, and put forward several issues worthy of attention in future policies.…”
Section: Introductionmentioning
confidence: 99%