This dissertation is a collection of three essays which examine issues at the intersection of international economics, political economy, and macroeconomics. A common theme which emerges in the subsequent chapters is a reliance on intuitive models of economies populated by ratio…
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This dissertation is comprised of three chapters in applied open-economy macroeconomics. The first chapter examines the autonomy of domestic monetary policy in the context of the renowned macroeconomic policy trilemma in open economies. The contribution is in using a time-varyin…
Many developing countries are considering following the practice of some industrial countries to adopt policies of inflation targeting. For many developing countries, open economy aspects of inflation targeting are especially important. Changes in the exchange rate can have subs…