{"id":"https://openalex.org/W1950284398","doi":"https://doi.org/10.1111/j.1467-9957.2012.02308.x","title":"MONETARY POLICY RULES AND MACROECONOMIC STABILIZATION IN SMALL OPEN ECONOMIES UNDER BEHAVIORAL FX TRADING: INSIGHTS FROM NUMERICAL SIMULATIONS*","display_name":"MONETARY POLICY RULES AND MACROECONOMIC STABILIZATION IN SMALL OPEN ECONOMIES UNDER BEHAVIORAL FX TRADING: INSIGHTS FROM NUMERICAL SIMULATIONS*","publication_year":2012,"publication_date":"2012-11-01","ids":{"openalex":"https://openalex.org/W1950284398","doi":"https://doi.org/10.1111/j.1467-9957.2012.02308.x","mag":"1950284398"},"language":"en","primary_location":{"id":"doi:10.1111/j.1467-9957.2012.02308.x","doi":"https://doi.org/10.1111/j.1467-9957.2012.02308.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1467-9957.2012.02308.x","pdf_url":null,"source":{"id":"https://openalex.org/S200838492","display_name":"Manchester School","issn_l":"0025-2034","issn":["0025-2034","1463-6786","1467-9957"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Manchester School","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5083733074","display_name":"Christian R. Proa\u00f1o","orcid":"https://orcid.org/0000-0002-5148-7635","observed_orcids":["https://orcid.org/0000-0002-5148-7635"]},"institutions":[{"id":"https://openalex.org/I102179633","display_name":"The New School","ror":"https://ror.org/02tvcev59","country_code":"US","type":"education","lineage":["https://openalex.org/I102179633"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"CHRISTIAN R. PROA\u00d1O","raw_affiliation_strings":["The New School for Social Research"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"The New School for Social Research","institution_ids":["https://openalex.org/I102179633"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5083733074"],"corresponding_institution_ids":["https://openalex.org/I102179633"],"apc_list":{"value":3350,"currency":"USD","value_usd":3350},"apc_paid":null,"fwci":0.76,"has_fulltext":false,"cited_by_count":12,"citation_normalized_percentile":{"value":0.83427617,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":"81","issue":"6","first_page":"992","last_page":"1011"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9789999723434448,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9789999723434448,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.013700000010430813,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.0024999999441206455,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/monetary-policy-rules","display_name":"monetary policy rules","score":0.9990000128746033},{"id":"https://openalex.org/keywords/economic-stabilization","display_name":"economic stabilization","score":0.9789999723434448},{"id":"https://openalex.org/keywords/small-open-economy","display_name":"small open economy","score":0.9760000109672546},{"id":"https://openalex.org/keywords/behavioral-finance","display_name":"behavioral finance","score":0.6399999856948853},{"id":"https://openalex.org/keywords/foreign-exchange-market","display_name":"foreign exchange market","score":0.8600000143051147},{"id":"https://openalex.org/keywords/chartism","display_name":"Chartism","score":0.9359999895095825},{"id":"https://openalex.org/keywords/technical-analysis","display_name":"technical analysis","score":0.9990000128746033},{"id":"https://openalex.org/keywords/exchange-rate-volatility","display_name":"exchange rate volatility","score":0.4230000078678131},{"id":"https://openalex.org/keywords/numerical-simulation","display_name":"numerical simulation","score":0.3659999966621399}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.8274638652801514},{"id":"https://openalex.org/C2983132609","wikidata":"https://www.wikidata.org/wiki/Q66076","display_name":"Foreign exchange","level":2,"score":0.5499507784843445},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.5439723134040833},{"id":"https://openalex.org/C2777883944","wikidata":"https://www.wikidata.org/wiki/Q7543547","display_name":"Small open economy","level":3,"score":0.5173432230949402},{"id":"https://openalex.org/C112972136","wikidata":"https://www.wikidata.org/wiki/Q7595718","display_name":"Stability (learning theory)","level":2,"score":0.510111391544342},{"id":"https://openalex.org/C177264268","wikidata":"https://www.wikidata.org/wiki/Q1514741","display_name":"Set (abstract data type)","level":2,"score":0.5016663074493408},{"id":"https://openalex.org/C55986821","wikidata":"https://www.wikidata.org/wiki/Q1188791","display_name":"Macroeconomic model","level":2,"score":0.481740266084671},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.46374496817588806},{"id":"https://openalex.org/C2778135664","wikidata":"https://www.wikidata.org/wiki/Q1929451","display_name":"Open economy","level":3,"score":0.4519325792789459},{"id":"https://openalex.org/C2776878452","wikidata":"https://www.wikidata.org/wiki/Q1781726","display_name":"Stabilization policy","level":3,"score":0.4311886131763458},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4268656075000763},{"id":"https://openalex.org/C136264566","wikidata":"https://www.wikidata.org/wiki/Q159810","display_name":"Economy","level":1,"score":0.36217600107192993},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.2615428566932678},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.08900964260101318},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1111/j.1467-9957.2012.02308.x","doi":"https://doi.org/10.1111/j.1467-9957.2012.02308.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1467-9957.2012.02308.x","pdf_url":null,"source":{"id":"https://openalex.org/S200838492","display_name":"Manchester School","issn_l":"0025-2034","issn":["0025-2034","1463-6786","1467-9957"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Manchester School","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:new:wpaper:1102","doi":null,"is_oa":false,"landing_page_url":"https://repec.economicpolicyresearch.org/econ/2011/NSSR_WP_022011.pdf","pdf_url":"https://repec.economicpolicyresearch.org/econ/2011/NSSR_WP_022011.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"mag:3123567810","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/RePEc:new:wpaper:1102","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":37,"referenced_works":["https://openalex.org/W1490419829","https://openalex.org/W1492287170","https://openalex.org/W2006128341","https://openalex.org/W2033951465","https://openalex.org/W2036013228","https://openalex.org/W2041462006","https://openalex.org/W2063292028","https://openalex.org/W2068726595","https://openalex.org/W2074764495","https://openalex.org/W2098028338","https://openalex.org/W2098345198","https://openalex.org/W2101157977","https://openalex.org/W2106683726","https://openalex.org/W2116912141","https://openalex.org/W2127680685","https://openalex.org/W2139449279","https://openalex.org/W2144631538","https://openalex.org/W2145930759","https://openalex.org/W2146304973","https://openalex.org/W2158352931","https://openalex.org/W2159541381","https://openalex.org/W2329856090","https://openalex.org/W2607318265","https://openalex.org/W2753199792","https://openalex.org/W2889712533","https://openalex.org/W2890840156","https://openalex.org/W3021164001","https://openalex.org/W3023649121","https://openalex.org/W3121616071","https://openalex.org/W3122226558","https://openalex.org/W3123073331","https://openalex.org/W3124476334","https://openalex.org/W3125426507","https://openalex.org/W3125770312","https://openalex.org/W3126002526","https://openalex.org/W4256569773","https://openalex.org/W4298291749"],"related_works":["https://openalex.org/W7099883933","https://openalex.org/W2068726595","https://openalex.org/W1581373656","https://openalex.org/W1970231795","https://openalex.org/W7028426093","https://openalex.org/W1588490106","https://openalex.org/W7095949951","https://openalex.org/W7099212069","https://openalex.org/W7125644647","https://openalex.org/W2163288545"],"abstract_inverted_index":{"In":[0],"this":[1],"paper":[2,33],"the":[3,19,32,37,45,48,52,60,64],"interaction":[4],"between":[5],"foreign":[6],"exchange":[7],"(FX)":[8],"markets":[9],"driven":[10],"by":[11],"trading":[12],"based":[13],"on":[14,36],"behavioral":[15],"forecasting":[16],"rules":[17,58],"and":[18],"macroeconomy":[20],"of":[21,31,39,54,63],"a":[22],"small":[23],"open":[24],"economy":[25,65],"is":[26,34,66],"investigated.":[27],"A":[28],"special":[29],"focus":[30],"set":[35],"consequences":[38],"chartism":[40],"or":[41],"technical":[42],"analysis":[43],"for":[44],"stability":[46],"at":[47],"macroeconomic":[49],"level.":[50],"Furthermore,":[51],"performance":[53],"alternative":[55],"monetary":[56],"policy":[57],"concerning":[59],"overall":[61],"stabilization":[62],"investigated":[67],"through":[68],"numerical":[69],"analysis.":[70]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":2},{"year":2015,"cited_by_count":1}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2016-06-24T00:00:00"}