Discussion Paper Details

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Title: Dynamic General Equilibrium Analysis: The Open Economy Dimension

Author(s): Giovanni Ganelli and Philip R. Lane

Publication Date: September 2002

Keyword(s): dynamic general equilibrium and new open economy macroeconomics

Programme Area(s): International Macroeconomics

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.

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Bibliographic Reference

Ganelli, G and Lane, P. 2002. 'Dynamic General Equilibrium Analysis: The Open Economy Dimension'. London, Centre for Economic Policy Research.