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Topic: Open economy

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	Open Economy
		As a result of its open economy, Chile became the fastest-growing economy in Latin America from 1983 to 1993.
		For open economies to succeed in small countries that formerly had managed economies, favorable domestic conditions include a working education system, legal system, judicial system, and low inflation.
		He argued that the economy does not require government intervention, because the operations of domestic producers are guided, as if by an invisible hand, to benefit the economy as a whole.
	www.referenceforbusiness.com /encyclopedia/Oli-Per/Open-Economy.html (1050 words)

	Open Economy - Search Results - MSN Encarta
		Open Economy - Search Results - MSN Encarta
		Open Economy, form of economic organization in which movements of goods, payments, capital, and labour into and out of an economy (usually a...
		The Dutch economy is extremely open to world trade.
	uk.encarta.msn.com /Open_Economy.html (132 words)

	open economy - Search Results - MSN Encarta
		At the turn of the century the world’s major powers competed rigorously for influence in China.
		The Nine-Power Treaty between all the participating nations guaranteed Chinese territorial integrity and the so-called Open Door Policy, by which...
		Economy : Oceania : pictures related to Oceanian economies: Open-Cut Mining in Australia
	encarta.msn.com /open_economy.html (189 words)

	Open economy - Wikipedia, the free encyclopedia
		An open economy is an economy in which people, including businesses, can trade in goods and services with other people and businesses in the international community at large.
		There are a number of advantages for citizens of a country with an open economy.
		The basic economic model of an open economy is the same as that of a closed economy model except two new terms are added: Exports (EX) and imports (IM):
	en.wikipedia.org /wiki/Open_economy (260 words)

	Open economy a microview
		When an economy begins to trade, the domestic price must be compared with world or international price since producers can now sell their products in either the domestic or world market and consumers can purchase either domestically produced or foreign-produced commodities.
		That approach is not warranted in the case of an open economy.
		For example, if a closed economy undergoes a bout of inflation, it is often assumed that all prices in all sectors of the economy rise by the same degree so that nothing much happens in one individual market compared to others.
	personal.ashland.edu /~jgarcia/Openeconomymicroview.html (4696 words)

	Brian Doyle's New Open Economy Macroeconomics Homepage
		The 'New Open Economy Macroeconomics' simply refers to a growing body of literature that attempts to address open economy issues in a dynamic general equilibrium version of the open economy with nominal rigidities and market imperfections.
		While the Mundell-Fleming model continues to be the dominant model of open economy macroeconomics, these new innovations have and hope to continue to yield new insights into the questions that interest those working in the field.
		Andersen, Torben M and Niels C Beier (2000), "Noisy Financial Signals and Persistent Effects of Nominal Shocks in Open Economies," CEPR 2360, January.
	www.geocities.com /brian_m_doyle/open.html (4010 words)

	Open economy macroview
		Second is the aggregate demand and supply framework to embrace the international economy by introducing the export and import schedules.
		A first step toward understanding why this is the case is to compare the aggregate demand equation for an open economy with the aggregate demand equation for a closed economy.
		If there is a change in relative commodity prices within an economy, industry supply curves shift to the right and to the left as labor and capital migrate from one industry to another in the wake of the change in relative profit opportunities.
	personal.ashland.edu /~jgarcia/Openeconomymacroview.html (5151 words)

	Open Economy
		In an open economy however, this is possible: Think of all the different exotic fruits that are available in your local mall or supermarket.
		This is possible due to the openness of your economy.
		Consumption in an economy that is open to international trade is not limited by production capacities, but rather by trade possibilities.
	connie.mhsg.de /index.php?id=113 (338 words)

	SSRN-The Political Economy of Education and Development in an Open Economy by Francois Bourguignon, Thierry Verdier
		If the price effect of opening up a developing economy may be expected to act as a disincentive for investment in human capital, the opposite is likely to be true of the income effect, especially in the presence of credit market imperfections among the poor.
		It is shown in this Paper that this may not be the case anymore in a society initially dominated by an oligarchic capitalist elite that is afraid of losing its political control in favour of an educated middle class.
		Although it may sometimes be in its interest to democratize by subsidizing education when the economy is closed, incentives to do so disappear when the economy is open to trade or factor flows.
	papers.ssrn.com /sol3/papers.cfm?abstract_id=294700 (400 words)

	Welcome to economymodels.com
		We have a special emphasis on capital markets, but no matter what part of the economy you are interested in, we believe that the site will help you to better cope with ever changing economic conditions.
		The economy is very complex and inherently unpredictable.
		And because of what in chaos theory is known as the butterfly effect, no matter how good a model you have, long term predictions will probably be futile.
	www.economymodels.com (158 words)

	Open economy macroeconomics, Henry Thompson
		Short of changing inventories, everything that is produced on the left hand side of the equation must be consumed inside the economy or exported, and imports are consumed, on the right hand side.
		The economy is open to foreign trade given the BOT in the IS curve, and open to foreign investment at the foreign real interest rate r*.
		Even if there is slack in the economy, it is an open question whether expansionary monetary policy is the best way to eliminate it.
	www.auburn.edu /~thomph1/macro.htm (4546 words)

	USATODAY.com - Hu Jintao promises more open economy, modern society (Site not responding. Last check: 2007-11-04)
		China is Asia's fastest-growing economy and a growing diplomatic and military force.
		Hu promised to adhere to the course of economic reform and openness to the outside world set by Jiang and the late supreme leader Deng Xiaoping.
		The process that elevated Hu was cloaked in secrecy and belied China's claims to be opening its doors.
	www.usatoday.com /news/world/2002-11-14-china-party_x.htm (1064 words)

	Open Economy Macroeconomics Homepage
		Inflation in Open Economies (Studies in Inflation, Vol 5)
		Trade, Growth, and Economic Policy in Open Economies: Essays in Honour of Hans-Jurgen Vosgerau
		"open economies" or "open economy" or "international macroeconomics"
	politics.ankara.edu.tr /~kibritci/oem.html (362 words)

	FRBB Working Papers: Efficient Expropriation: Sustainable Fiscal Policy in a Small Open Economy
		We study a small open economy characterized by two empirically important frictions— incomplete financial markets and an inability of the government to commit to policy.
		In particular, even when the government is completely benevolent, the government’s credibility not to expropriate capital varies endogenously with the state of the economy and may be “scarcest” during recessions.
		It is the incompleteness of financial markets and the lack of commitment that generate investment cycles even in an environment where first‐best capital stock is constant.
	www.bos.frb.org /economic/wp/wp2006/wp0609.htm (150 words)

	Monetary Policy Rules in Open Economies
		Ghironi, Fabio (2000b), “Alternative Monetary Rules for a Small Open Economy: The Case of Canada,” WP 466, Department of Economics, Boston College.
		Leith Campbell and Simon Wren-Lewis (2002), "Taylor Rules in the Open Economy", unpublished manuscript, University of Glasgow and University of Exeter;
		Ghironi, Fabio (2000c), “Towards New Open Economy Macroeconometrics,” WP 469, Department of Economics, Boston College.
	www.geocities.com /monetaryrules/mpoe.htm (1941 words)

	An Open Economy Real Business Cycle Model for the UK (SMEALSearch) - (Site not responding. Last check: 2007-11-04)
		The objective of this paper is to specify a fully articulated model of a medium-sized open economy which we subsequently calibrate using quarterly data for the UK.
		We construct a dynamic general equilibrium open economy model based on optimising decisions of rational agents, incorporating money, government and distortionary taxes.
		As we model a mediumsized open economy, we take the world economy as given.
	gunther.smeal.psu.edu /70351 (1588 words)

	New Economy/Open Economy Links
		Martin Baily,"The New Economy: Post-Mortem or Second Wind" paper presented at ASSA meetings (Atlanta, January 2002) Also, Journal of Economic Perspectives 16(2) (Spring 2002).
		Ray C. Fair, "Testing for the New Economy in the 1990's," mimeo (Yale University, January 2002).
		IAOS conference on “Official Statistics and the New Economy,” (London, August 2002).
	www.ssc.wisc.edu /~mchinn/new_economy.html (569 words)

	Wired 14.07: All-Access Economy
		Today, openness has become a fundamental business principle, but its value hasn’t always been so obvious.
		While online vendors open their servers in pursuit of profit, programmers have embraced open source licensing for idealistic reasons.
		Nonetheless, the power of openness is boosting efficiencies and pumping up bottom lines throughout the business ecosystem.
	wired.com /wired/archive/14.07/economy.html (583 words)

	EconPapers: Towards New Open Economy Macroeconometrics
		Abstract: I estimate the structural parameters of a small open economy model using data from Canada and the United States.
		The model improves upon the recent literature in open economy macroeconomics from an empirical perspective.
		Finally, I illustrate a practical application of the model, showing how a shock to the U.S. economy is transmitted to Canada under an inflation targeting monetary regime.
	econpapers.repec.org /paper/bocbocoec/469.htm (274 words)

	2316: Open-economy Macroeconomics
		Here we take a look at the transmission of (primarily) exogenous monetary shocks in the open economy with one-period fixed prices.
		The propagation of nominal shocks in open economies.
		The choice of exchange-rate regime is clearly an important policy decision in (small) open economies.
	www.econ.au.dk /fag/2316/f06/default.htm (614 words)

	Towards new open economy macroeconometrics
		I develop a model that improves upon the recent literature in open economy macroeconomics in that it lends itself more directly to empirical investigation.
		I identify the two economies in my model with Canada--a small open economy--and the United States--taken as an approximation of the rest-of-the-world economy.
		In the second part of the paper, I present a plausible strategy for estimating the structural parameters of the Canadian economy.
	ideas.repec.org /p/fip/fednsr/100.html (1584 words)

	Towards New Open Economy Macroeconometrics
		I estimate the structural parameters of a small open economy model using data from Canada and the United States.
		"The new open economy macroeconomics: a survey," Journal of International Economics, Elsevier, vol.
		"New Directions for Stochastic Open Economy Models," Center for International and Development Economics Research, Working Paper Series 1015, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley.
	ideas.repec.org /p/boc/bocoec/469.html (1546 words)

	Can World Real Interest Rates Explain Business Cycles in a Small Open Economy? - Federal Reserve Bank of New York (Site not responding. Last check: 2007-11-04)
		Authors: William Blankenau, M. Ayhan Kose, and Kei-Mu Yi While the world real interest rate is potentially an important mechanism for transmitting international shocks to small open economies, much of the recent quantitative research that studies this mechanism concludes that it has little effect on output, investment, and net exports.
		We begin with a small open economy business cycle model.
		But, rather than specifying the stochastic processes for the shocks, and then solving and simulating the model to evaluate how well these shocks explain business cycles, we use the model to back out the shocks that are consistent with the model’s observable endogenous variables.
	www.newyorkfed.org /research/staff_reports/sr94.html (268 words)

	open economy Definition
		An economy which is largely free of trade restrictions.
		Also, learn about interest rates, what causes them to rise or drop, and why you should care.
		Learn the basics about the Federal Reserve, The Federal Open Market Committee (FOMC), and how monetary policy is used to target interest rates to avoid inflation and slow economic growth.
	www.investorwords.com /3433/open_economy.html (137 words)

	HYPRES Equipment - Economy Open Horizontal
		Home > Breathing Air Compressors > Economy Open Horizontal
		Hypres Equipment's economy compressors are built with a North American pump.
		See view indicator visually monitoring moisture and CO elements in the air supply.
	www.hypresequip.com /economy_open_horizontal.asp (151 words)

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