| dc.creator | Chang, Jui-Chuan Della | |
| dc.creator | Jansen, Dennis W. | |
| dc.date | 2014 | |
| dc.date.accessioned | 2023-10-02T15:52:21Z | |
| dc.date.available | 2023-10-02T15:52:21Z | |
| dc.date.issued | 2014-05-19 | |
| dc.identifier.uri | https://hdl.handle.net/1969.1/199393 | |
| dc.description | PublicFinance | |
| dc.description.abstract | This paper investigates the cost channel of monetary policy, transmitting its effect on economic activities other than conventional demand side, in a small open economy. The innovations lie in examination of the cost channel in a small open economy with both financial market frictions and exchange rate pass-through on the marginal cost of firm's working capital and inflation dynamics. Utilizing the Canadian and Australian quarterly data, the empirical results from the present value model of the forward-looking Phillips curve show that the larger the degree of exchange rate pass-through is, the more the cost channel is pronounced. | en |
| dc.format.medium | Electronic | en |
| dc.format.mimetype | pdf | |
| dc.language.iso | en_US | |
| dc.publisher | Private Enterprise Research Center, Texas A&M University | |
| dc.relation | PublicFinance | en |
| dc.relation.ispartof | 1405 | |
| dc.rights | NO COPYRIGHT - UNITED STATES | en |
| dc.rights.uri | https://rightsstatements.org/page/NoC-US/1.0/?language=en | |
| dc.subject | 1405 | en |
| dc.subject | Monetary transmission | en |
| dc.subject | Cost of working capital | en |
| dc.subject | Small open economy | en |
| dc.subject | Present value model | en |
| dc.title | Inflation Dynamics and the Cost Channel: The Small Open Economy Case | en |
| dc.type | WorkingPapers | en |
| dc.type.material | Text | en |
| dc.type.material | StillImage | en |
| dc.format.digitalOrigin | born digital | en |
| dc.publisher.digital | Texas A&M University. Library | |
