A Model of the Monetary Policy of an Open Economy：a Viability Theory Approach

机译：开放经济的货币政策模型：一种生存理论方法

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Based on the viability theory,the monetary policy of an open economy is modeled．Viable analysis is carried out，and the viability domain and the regulation map are given．The economic implications of the model，especially the policy implications ale listed．

机译：基于生存能力理论，对开放经济的货币政策进行了建模，进行了可行性分析，给出了生存能力域和调控图。该模型的经济意义，尤其是列出的政策意义。

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来源
《Management in complexity science perspective: Theory, methodology and practice.》|2010年|p.61-65|共5页
会议地点 Wuhan(CN);Wuhan(CN)
作者
ZHAO Linhai;
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作者单位

Institute of Quantitative Economics Huaqiao University,Quanzhou,P.R.China;

362021;

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会议组织
原文格式 PDF
正文语种 eng
中图分类大系统理论;大系统理论;
关键词
Viability theory; Model; Monetary policy; Open economy; Viable analysis;

机译：可行性理论;模型;货币政策;开放经济;可行性分析;

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专利

1. Satisficing Solutions To A Monetary Policy Problem:a Viability Theory Approach [J] . Jacek Krawczyk, Kunhong Kim Macroeconomic dynamics . 2009,第1期

机译：货币政策问题的满意解：一种生存理论方法
2. Viable Stabilising Non-Taylor Monetary Policies for an Open Economy [J] . Jacek B. Krawczyk, Kunhong Kim Computational economics . 2014,第2期

机译：实行开放经济的稳定非泰勒货币政策
3. Money Shortage, Monetary Settlement and Monetary Policy ---- A Monetary Settlement Model Based on the Theory of Money Supply and Demand [J] . Xie Jiaojiao Science Innovation . 2017,第6期

机译：货币短缺，货币结算和货币政策-基于货币供求理论的货币结算模型
4. A Model of the Monetary Policy of an Open Economy：a Viability Theory Approach [C] . ZHAO Linhai International conference on complexity science management . 2010

机译：开放经济货币政策的模型：一种活力理论方法
5. Model uncertainty and the design of robust monetary policy rules in a small open economy: A Bayesian approach. [D] . Beltran, Daniel O. 2007

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6. Correction: Complexity theory for the modern Chinese economy from an information entropy perspective: Modeling of economic efficiency and growth potential [O] . Jun Yan, Lianyong Feng, Artem Denisov, 2020

机译：纠正：从信息熵视角来的现代中国经济的复杂性理论：经济效率和增长潜力的建模
7. Financial Development and the Distributional Effects of Monetary Policy Do the distributional consequences of monetary policy depend on the extent of financial development? Should optimal monetary policy vary across countries? In order to answer these questions, we develop a monetary growth production model with heterogeneous agents. In our economy, optimal policy needs to weigh the effects of policy across two groups — capital owners and individuals who hold liquid assets. While banks help limit the exposure to inflation, there are limits because money alleviates the frictions of private information and limited communication. In this environment, we compare two economies that are identical in every aspect except for their level of financial development. In a country with limited financial development, a stock market is absent. In the other, an equity market is active. In either economy, inflation adversely affects capital formation and output. Individuals who hold liquid assets are always adversely affected by inflation, but the attitude of capital owners depends on the level of financial development. In particular, in the presence of a stock market, the impact of inflation on the welfare of capital owners is non-monotonic. Nevertheless, optimal monetary policy is always more conservative at higher levels of financial development. [O] . TINA M. Edgar A. Ghossoub, TINA M. Robert R. Reedy 100

机译：金融发展和货币政策的分配效应货币政策的分配后果是否取决于金融发展的程度？各国的最优货币政策应该不同吗？为了回答这些问题，我们开发了一个具有异构代理的货币增长生产模型。在我们的经济中，最优政策需要权衡两个群体的政策效应 - 资本所有者和持有流动资产的个人。虽然银行帮助限制通胀风险，但存在限制，因为资金减轻了私人信息的摩擦和有限的沟通。在这种环境下，我们比较两个经济体在各个方面都是相同的，除了它们的金融发展水平。在金融发展有限的国家，缺乏股票市场。另一方面，股票市场活跃。在任一经济体中，通胀都会对资本形成和产出产生不利影响持有流动资产的个人总是受到通货膨胀的不利影响，但资本所有者的态度取决于金融发展的水平。特别是，在股票市场存在的情况下，通货膨胀对资本所有者福利的影响是非单调的。尽管如此，在较高的金融发展水平下，最优货币政策总是更加保守。

A Model of the Monetary Policy of an Open Economy：a Viability Theory Approach

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