{"id":"https://openalex.org/W2071332844","doi":"https://doi.org/10.3386/w1407","title":"Domestic and Foreign Disturbances in an Optimizing Model of Exchange- Rate Determination","display_name":"Domestic and Foreign Disturbances in an Optimizing Model of Exchange- Rate Determination","publication_year":1984,"publication_date":"1984-07-01","ids":{"openalex":"https://openalex.org/W2071332844","doi":"https://doi.org/10.3386/w1407","mag":"2071332844"},"language":"en","primary_location":{"id":"doi:10.3386/w1407","doi":"https://doi.org/10.3386/w1407","is_oa":true,"landing_page_url":"https://doi.org/10.3386/w1407","pdf_url":"https://doi.org/10.3386/w1407","source":{"id":"https://openalex.org/S2809516038","display_name":"National Bureau of Economic Research","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":["https://openalex.org/P4322614461"],"host_organization_lineage_names":["National Bureau of Economic Research"],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"National Bureau of Economic Research","raw_type":"report"},"volume":null,"type":"report","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.3386/w1407","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5057293659","display_name":"Stephen J. Turnovsky","orcid":"https://orcid.org/0000-0002-0864-2118","observed_orcids":["https://orcid.org/0000-0002-0864-2118"]},"institutions":[{"id":"https://openalex.org/I1340728805","display_name":"Ifo Institute for Economic Research","ror":"https://ror.org/045495t75","country_code":"DE","type":"facility","lineage":["https://openalex.org/I1340728805","https://openalex.org/I315704651"]},{"id":"https://openalex.org/I157725225","display_name":"University of Illinois Urbana-Champaign","ror":"https://ror.org/047426m28","country_code":"US","type":"education","lineage":["https://openalex.org/I157725225"]},{"id":"https://openalex.org/I201448701","display_name":"University of Washington","ror":"https://ror.org/00cvxb145","country_code":"US","type":"education","lineage":["https://openalex.org/I201448701"]}],"countries":["DE","US"],"is_corresponding":true,"raw_author_name":"Stephen Turnovsky","raw_affiliation_strings":["Department of Economics University of Illinois 1206 South Sixth Street Champaign , IL 61820 217-333-2354","CESifo (Center for Economic Studies and Ifo Institute)","University of Washington - Institute for Economic Research"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics University of Illinois 1206 South Sixth Street Champaign , IL 61820 217-333-2354","institution_ids":["https://openalex.org/I157725225"]},{"raw_affiliation_string":"CESifo (Center for Economic Studies and Ifo Institute)","institution_ids":["https://openalex.org/I1340728805"]},{"raw_affiliation_string":"University of Washington - Institute for Economic Research","institution_ids":["https://openalex.org/I201448701"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5057293659"],"corresponding_institution_ids":["https://openalex.org/I1340728805","https://openalex.org/I157725225","https://openalex.org/I201448701"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":30,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.875,"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":0.875,"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":0.11969999969005585,"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/T12137","display_name":"Economic theories and models","score":0.002400000113993883,"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"}}],"keywords":[{"id":"https://openalex.org/keywords/exchange-rate-determination","display_name":"exchange rate determination","score":0.9739999771118164},{"id":"https://openalex.org/keywords/small-open-economy","display_name":"small open economy","score":0.8759999871253967},{"id":"https://openalex.org/keywords/imperfect-capital-mobility","display_name":"imperfect capital mobility","score":0.9789999723434448},{"id":"https://openalex.org/keywords/fiscal-policy","display_name":"fiscal policy","score":0.9829999804496765},{"id":"https://openalex.org/keywords/foreign-interest-rates","display_name":"foreign interest rates","score":0.7440000176429749},{"id":"https://openalex.org/keywords/foreign-inflation","display_name":"foreign inflation","score":0.8600000143051147},{"id":"https://openalex.org/keywords/exchange-rate-adjustment","display_name":"exchange rate adjustment","score":0.7250000238418579},{"id":"https://openalex.org/keywords/floating-exchange-rates","display_name":"exchange rate fluctuations","score":0.972000002861023},{"id":"https://openalex.org/keywords/insulation-properties","display_name":"insulating properties","score":0.5270000100135803},{"id":"https://openalex.org/keywords/partial-adjustment","display_name":"partial adjustment","score":0.5659999847412109}],"concepts":[{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.5957493782043457},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.4766203463077545},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3694310486316681},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3547403812408447},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.35427597165107727}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.3386/w1407","doi":"https://doi.org/10.3386/w1407","is_oa":true,"landing_page_url":"https://doi.org/10.3386/w1407","pdf_url":"https://doi.org/10.3386/w1407","source":{"id":"https://openalex.org/S2809516038","display_name":"National Bureau of Economic Research","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":["https://openalex.org/P4322614461"],"host_organization_lineage_names":["National Bureau of Economic Research"],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"National Bureau of Economic Research","raw_type":"report"}],"best_oa_location":{"id":"doi:10.3386/w1407","doi":"https://doi.org/10.3386/w1407","is_oa":true,"landing_page_url":"https://doi.org/10.3386/w1407","pdf_url":"https://doi.org/10.3386/w1407","source":{"id":"https://openalex.org/S2809516038","display_name":"National Bureau of Economic Research","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":["https://openalex.org/P4322614461"],"host_organization_lineage_names":["National Bureau of Economic Research"],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"National Bureau of Economic Research","raw_type":"report"},"sustainable_development_goals":[{"score":0.48510000109672546,"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2071332844.pdf","grobid_xml":"https://content.openalex.org/works/W2071332844.grobid-xml"},"referenced_works_count":16,"referenced_works":["https://openalex.org/W61061452","https://openalex.org/W1484788150","https://openalex.org/W1550327546","https://openalex.org/W1964334083","https://openalex.org/W1976072927","https://openalex.org/W1990750027","https://openalex.org/W2027549291","https://openalex.org/W2031275534","https://openalex.org/W2035737891","https://openalex.org/W2066453428","https://openalex.org/W2134975537","https://openalex.org/W2312542765","https://openalex.org/W2891329693","https://openalex.org/W2891672814","https://openalex.org/W3116875310","https://openalex.org/W3125822408"],"related_works":["https://openalex.org/W4239390732","https://openalex.org/W1979517336","https://openalex.org/W7097903678","https://openalex.org/W2006056773","https://openalex.org/W6945790742","https://openalex.org/W1559174877","https://openalex.org/W2059938428","https://openalex.org/W2005611948","https://openalex.org/W2325071368","https://openalex.org/W2034892849"],"abstract_inverted_index":{"This":[0],"paper":[1],"analyzes":[2],"the":[3,24,32,37,51,66,73,98],"effects":[4],"of":[5,8,90,101],"various":[6],"disturbances":[7],"domestic":[9,38,52,57],"and":[10,97],"foreign":[11,67],"origin":[12],"in":[13,22,49,64],"a":[14,47,62],"small":[15],"open":[16],"economy":[17,39,74],"under":[18],"imperfect":[19],"capital":[20],"mobility":[21],"which":[23,84],"behavioral":[25],"relationships":[26],"are":[27,105],"derived":[28],"from":[29],"optimization":[30],"by":[31],"private":[33],"sector.In":[34],"this":[35],"model":[36],"jumps":[40],"instantaneously":[41],"to":[42,61],"its":[43,81],"new":[44,82],"equilibrium":[45],"following":[46],"change":[48],"either":[50,65],"monetary":[53],"growth":[54],"rate":[55,69,95],"or":[56,70],"fiscal":[58],"policy.In":[59],"response":[60],"disturbance":[63],"interest":[68],"inflation":[71],"rate,":[72],"undergoes":[75],"an":[76],"initial":[77],"partial":[78],"jump":[79],"towards":[80],"equilibrium,":[83],"it":[85],"thereafter":[86],"approaches":[87],"gradually.The":[88],"implications":[89],"these":[91],"results":[92],"for":[93],"exchange":[94,103],"adjustment":[96],"insulation":[99],"properties":[100],"flexible":[102],"rates":[104],"discussed.":[106]},"counts_by_year":[{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":2},{"year":2020,"cited_by_count":3},{"year":2019,"cited_by_count":1},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":1},{"year":2013,"cited_by_count":1}],"updated_date":"2026-10-12T09:40:04.860316","created_date":"2016-06-24T00:00:00"}
