{"id":"https://openalex.org/W2048865765","doi":"https://doi.org/10.2753/ree1540-496x440302","title":"Real Sector Shocks and Monetary Policy Responses in a Financially Vulnerable Emerging Economy","display_name":"Real Sector Shocks and Monetary Policy Responses in a Financially Vulnerable Emerging Economy","publication_year":2008,"publication_date":"2008-05-01","ids":{"openalex":"https://openalex.org/W2048865765","doi":"https://doi.org/10.2753/ree1540-496x440302","mag":"2048865765"},"language":"en","primary_location":{"id":"doi:10.2753/ree1540-496x440302","doi":"https://doi.org/10.2753/ree1540-496x440302","is_oa":false,"landing_page_url":"https://doi.org/10.2753/ree1540-496x440302","pdf_url":null,"source":{"id":"https://openalex.org/S166264140","display_name":"Emerging Markets Finance and Trade","issn_l":"1061-2009","issn":["1061-2009","1540-496X","1558-0938"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Emerging Markets Finance and Trade","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/A5034349136","display_name":"Ramkishen S. Rajan","orcid":"https://orcid.org/0000-0002-7718-3867","observed_orcids":["https://orcid.org/0000-0002-7718-3867"]},"institutions":[{"id":"https://openalex.org/I162714631","display_name":"George Mason University","ror":"https://ror.org/02jqj7156","country_code":"US","type":"education","lineage":["https://openalex.org/I162714631"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Ramkishen S. Rajan","raw_affiliation_strings":["a  School of Public Policy, George Mason University","School of Public Policy , George Mason University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"a  School of Public Policy, George Mason University","institution_ids":["https://openalex.org/I162714631"]},{"raw_affiliation_string":"School of Public Policy , George Mason University","institution_ids":["https://openalex.org/I162714631"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5058143912","display_name":"Makarand Parulkar","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I5681781","display_name":"The University of Adelaide","ror":"https://ror.org/00892tw58","country_code":"AU","type":"education","lineage":["https://openalex.org/I4405259444","https://openalex.org/I5681781"]}],"countries":["AU"],"is_corresponding":false,"raw_author_name":"Makarand Parulkar","raw_affiliation_strings":["b  Bradford College, University of Adelaide, Australia","Bradford College, University of Adelaide, Australia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"b  Bradford College, University of Adelaide, Australia","institution_ids":["https://openalex.org/I5681781"]},{"raw_affiliation_string":"Bradford College, University of Adelaide, Australia","institution_ids":["https://openalex.org/I5681781"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":2.8375,"has_fulltext":false,"cited_by_count":9,"citation_normalized_percentile":{"value":0.93028221,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":96},"biblio":{"volume":"44","issue":"3","first_page":"21","last_page":"33"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.8417999744415283,"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":0.8417999744415283,"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/T10503","display_name":"Global Financial Crisis and Policies","score":0.15520000457763672,"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"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.001500000013038516,"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"}}],"keywords":[{"id":"https://openalex.org/keywords/monetary-policy","display_name":"monetary policy","score":0.7379999756813049},{"id":"https://openalex.org/keywords/currency-crises","display_name":"currency crises","score":0.8349999785423279},{"id":"https://openalex.org/keywords/interest-rate-policy","display_name":"interest rate policy","score":0.5870000123977661},{"id":"https://openalex.org/keywords/exchange-rate-pass-through","display_name":"exchange rate pass-through","score":0.675000011920929},{"id":"https://openalex.org/keywords/interest-parity","display_name":"interest parity","score":0.671999990940094},{"id":"https://openalex.org/keywords/nominal-rigidities","display_name":"nominal rigidities","score":0.9049999713897705},{"id":"https://openalex.org/keywords/foreign-currency-debt","display_name":"foreign currency debt","score":0.9919999837875366},{"id":"https://openalex.org/keywords/output-effects","display_name":"output effects","score":0.6470000147819519},{"id":"https://openalex.org/keywords/financial-vulnerability","display_name":"financial vulnerability","score":0.7820000052452087},{"id":"https://openalex.org/keywords/emerging-markets","display_name":"emerging markets","score":0.8370000123977661},{"id":"https://openalex.org/keywords/monetary-model","display_name":"monetary model","score":0.4339999854564667}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.8277478218078613},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.7343536615371704},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.6599380970001221},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.5406003594398499},{"id":"https://openalex.org/C88583849","wikidata":"https://www.wikidata.org/wiki/Q5183768","display_name":"Credit channel","level":4,"score":0.5270267724990845},{"id":"https://openalex.org/C141121606","wikidata":"https://www.wikidata.org/wiki/Q8142","display_name":"Currency","level":2,"score":0.49265819787979126},{"id":"https://openalex.org/C509613553","wikidata":"https://www.wikidata.org/wiki/Q16191828","display_name":"Monetary hegemony","level":3,"score":0.4689476191997528},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.46143198013305664},{"id":"https://openalex.org/C2778135664","wikidata":"https://www.wikidata.org/wiki/Q1929451","display_name":"Open economy","level":3,"score":0.4548710584640503},{"id":"https://openalex.org/C185824701","wikidata":"https://www.wikidata.org/wiki/Q1193759","display_name":"Inflation targeting","level":3,"score":0.4494926929473877},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.4457665681838989},{"id":"https://openalex.org/C82843974","wikidata":"https://www.wikidata.org/wiki/Q205231","display_name":"Interest rate parity","level":3,"score":0.42751505970954895},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.34759289026260376}],"mesh":[],"locations_count":6,"locations":[{"id":"doi:10.2753/ree1540-496x440302","doi":"https://doi.org/10.2753/ree1540-496x440302","is_oa":false,"landing_page_url":"https://doi.org/10.2753/ree1540-496x440302","pdf_url":null,"source":{"id":"https://openalex.org/S166264140","display_name":"Emerging Markets Finance and Trade","issn_l":"1061-2009","issn":["1061-2009","1540-496X","1558-0938"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Emerging Markets Finance and Trade","raw_type":"journal-article"},{"id":"mag:3121329109","doi":null,"is_oa":false,"landing_page_url":"https://EconPapers.repec.org/RePEc:ess:wpaper:id:354","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},{"id":"pmh:oai:RePEc:ess:wpaper:id:354","doi":null,"is_oa":false,"landing_page_url":"http://www.esocialsciences.org/Download/repecDownload.aspx?fname=Document12712006250.2754785.pdf&amp;fcategory=Articles&amp;AId=354&amp;fref=repec","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":null,"raw_type":"preprint"},{"id":"pmh:oai:RePEc:mes:emfitr:v:44:y:2008:i:3:p:21-33","doi":null,"is_oa":false,"landing_page_url":"http://mesharpe.metapress.com/link.asp?target=contribution&id=8207702847607K68","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":null,"raw_type":"article"},{"id":"pmh:oai:RePEc:taf:emfitr:v:44:y:2008:i:3:p:21-33","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.2753/REE1540-496X440302","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":"","raw_type":"article"},{"id":"pmh:oai:digital.library.adelaide.edu.au:2440/47205","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/2440/47205","pdf_url":null,"source":{"id":"https://openalex.org/S4306401835","display_name":"Adelaide Research & Scholarship (AR&S) (University of Adelaide)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I5681781","host_organization_name":"The University of Adelaide","host_organization_lineage":["https://openalex.org/I5681781"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Journal article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.48510000109672546}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":29,"referenced_works":["https://openalex.org/W598538156","https://openalex.org/W1526483979","https://openalex.org/W1594427380","https://openalex.org/W1968480873","https://openalex.org/W1980826613","https://openalex.org/W1988705272","https://openalex.org/W1999048455","https://openalex.org/W2054807175","https://openalex.org/W2060231588","https://openalex.org/W2060900872","https://openalex.org/W2076956209","https://openalex.org/W2086443604","https://openalex.org/W2104751062","https://openalex.org/W2110359232","https://openalex.org/W2111697693","https://openalex.org/W2134284186","https://openalex.org/W2134592276","https://openalex.org/W2163432764","https://openalex.org/W2236022770","https://openalex.org/W2594889173","https://openalex.org/W2781840252","https://openalex.org/W2892364907","https://openalex.org/W3023982555","https://openalex.org/W3122466873","https://openalex.org/W3123618247","https://openalex.org/W3124853723","https://openalex.org/W3125877883","https://openalex.org/W3126130301","https://openalex.org/W4285719527"],"related_works":["https://openalex.org/W2480704685","https://openalex.org/W2150259397","https://openalex.org/W2541921389","https://openalex.org/W7095619619","https://openalex.org/W3121445784","https://openalex.org/W370822973","https://openalex.org/W1575152256","https://openalex.org/W3123073331","https://openalex.org/W1605650897","https://openalex.org/W1497560261"],"abstract_inverted_index":{"When":[0],"analyzing":[1],"the":[2,22,32,45,49,54,62,66,75,78,85,91,107,110,116,121,127,133,151],"appropriate":[3,152],"response":[4,155],"for":[5,166],"monetary":[6,46,96,113,124,136,153],"policy":[7,125,137,154],"during":[8],"a":[9,167],"currency":[10,103],"crisis,":[11],"it":[12],"is":[13,143],"important":[14],"to":[15,44,61,105,119],"keep":[16],"in":[17,84,147,163],"mind":[18],"two":[19,72,171],"distinct":[20],"channels:":[21],"effect":[23,34,122,134],"of":[24,35,48,65,74,115,123,135],"raising":[25],"interest":[26,55],"rates":[27,30],"on":[28,39,90,126,138],"exchange":[29,36,82,139],"and":[31,81,101,112,118,141],"direct":[33],"rate":[37,83,140],"changes":[38],"output.":[40],"The":[41,58,68],"first":[42],"pertains":[43,60],"side":[47,64],"economy":[50,76,117],"as":[51],"given":[52],"by":[53],"parity":[56],"condition.":[57],"second":[59],"real":[63,111,128],"economy.":[67,86,129],"interaction":[69,108],"between":[70,109,170],"these":[71],"parts":[73],"derives":[77],"equilibrium":[79],"output":[80,142],"This":[87,146],"paper":[88],"expands":[89],"Aghion":[92],"et":[93],"al.":[94],"(2000)":[95],"model":[97],"with":[98],"nominal":[99],"rigidities":[100],"foreign":[102],"debt,":[104],"examine":[106],"sides":[114],"analyze":[120],"We":[130],"find":[131],"that":[132,150],"theoretically":[144],"ambiguous.":[145],"turn":[148],"suggests":[149],"could":[156],"vary":[157],"among":[158],"countries":[159],"at":[160],"any":[161],"point":[162],"time,":[164],"or":[165],"particular":[168],"country":[169],"different":[172],"periods.":[173]},"counts_by_year":[{"year":2020,"cited_by_count":1},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":1}],"updated_date":"2026-09-29T14:09:16.559479","created_date":"2016-06-24T00:00:00"}
