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YENİ AÇIK EKONOMİ MAKROİKTİSAT TEORİSİ VE PARA POLİTİKASININ ULUSLARARASI BOYUTLARI

Bu makelenin amacı, Yeni Açık Ekonomi Makroiktisadı (New Open Economy Macroeconomics) (NOEM)) teorik literatürü bağlamında para politikasının uluslararası boyutlarını incelemektir. Para polikası bakımından dışa açıklığın etkileri, uluslararası parasal işbirliğinin sonuçları ve küreselleşmenin optimal para politikası üzerindeki etkileri NOEM literatürü çerçevesinde analiz edilmektedir. Eksik rekabet ve nominal katılıkları içeren genel denge modelleri üzerine kurulan NOEM literatürü, parasal ve döviz kuru şoklarının aktarma mekanizmasını yeniden analiz etmektedir. Bu yeni literatür para politikası otoritelerinin açık ekonomide hangi uluslararası değişkenlere tepki vermesi gerektiği ve uluslararası parasal işbirliğinin yararlı olup olmadığı gibi normatif sorulara yanıt vermek için önemli bir teorik çerçeve sunmaktadır. NOEM literatürü, artan reel ve finansal küresel entegrasyonun para politikasının aktarma mekanizması üzerindeki etkilerini Yeni Keynesyen açık ekonomi modelleri çerçevesinde inceleyen teorik çalışmalarla genişlemektedir.

New Open Economy Macroeconomics and International Dimensions of Monetary Policy

The aim of this paper is to review the international dimensions of monetary policy within the theoretical framework of New Open Economy Macroeconomics (NOEM) literature. This paper analyzes implications of openness for monetary policy, gains from international monetary policy cooperation, and impact of globalization on optimal monetary policy within the context of NOEM. Building on general equilibrium models with imperfect competition and nominal rigidities, NOEM literature reconsidered the conventional views on transmission of monetary and exchange rate shocks. The NOEM literature provides an important framework for answering normative questions such as what international variables monetary policy makers should react to in an open economy, and whether there exist gains to international monetary coordination. Employing the framework of open economy New Keynesian models, the NOEM literature expands with the recent theoretical papers on the impact of financial and real globalization on monetary policy transmission mechanism.
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Ekonomik Yaklaşım-Cover
  • ISSN: 1300-1868
  • Yayın Aralığı: 3
  • Yayıncı: Ekonomik Yaklaşım Derneği
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