Dynamic General Equilibrium Analysis: The Open Economy Dimension

37 Pages Posted: 18 Oct 2002

See all articles by Giovanni Ganelli

Giovanni Ganelli

International Monetary Fund (IMF) - Fiscal Affairs Department

Philip R. Lane

Trinity College (Dublin) - Department of Economics; Centre for Economic Policy Research (CEPR); Central Bank of Ireland

Date Written: September 2002

Abstract

This Paper discusses some key issues in the application of dynamic general equilibrium analysis to open economy modeling. In the context of the new open economy macroeconomics paradigm, we focus on: (i) the currency denomination of sticky prices; (ii) the role of the current account and net foreign assets; and (iii) the impact of fiscal policy.

Keywords: Dynamic general equilibrium, new open economy macroeconomics

JEL Classification: F3, F4

Suggested Citation

Ganelli, Giovanni and Lane, Philip R., Dynamic General Equilibrium Analysis: The Open Economy Dimension (September 2002). CEPR Discussion Paper No. 3540. Available at SSRN: https://ssrn.com/abstract=341240

Giovanni Ganelli (Contact Author)

International Monetary Fund (IMF) - Fiscal Affairs Department ( email )

700 19th Street, NW
Washington, DC 20431
United States

Philip R. Lane

Trinity College (Dublin) - Department of Economics ( email )

Trinity College
Dublin 2
Ireland
+353 1 608 2259 (Phone)
+353 1 677 2503 (Fax)

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Central Bank of Ireland ( email )

P.O. Box 559
Dame Street
Dublin, 2
Ireland

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