{"id":"https://openalex.org/W2301635917","doi":"https://doi.org/10.1016/j.jinteco.2018.12.001","title":"Optimal monetary policy, exchange rate misalignments and incomplete financial markets","display_name":"Optimal monetary policy, exchange rate misalignments and incomplete financial markets","publication_year":2018,"publication_date":"2018-12-26","ids":{"openalex":"https://openalex.org/W2301635917","doi":"https://doi.org/10.1016/j.jinteco.2018.12.001","mag":"2301635917"},"language":"en","primary_location":{"id":"doi:10.1016/j.jinteco.2018.12.001","doi":"https://doi.org/10.1016/j.jinteco.2018.12.001","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jinteco.2018.12.001","pdf_url":null,"source":{"id":"https://openalex.org/S198098467","display_name":"Journal of International Economics","issn_l":"0022-1996","issn":["0022-1996","1873-0353"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of International Economics","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref","datacite"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2766506","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5064303480","display_name":"\u00d6zge Senay","orcid":"https://orcid.org/0000-0002-8310-968X","observed_orcids":["https://orcid.org/0000-0002-8310-968X"]},"institutions":[{"id":"https://openalex.org/I16835326","display_name":"University of St Andrews","ror":"https://ror.org/02wn5qz54","country_code":"GB","type":"education","lineage":["https://openalex.org/I16835326"]}],"countries":["GB"],"is_corresponding":true,"raw_author_name":"Ozge Senay","raw_affiliation_strings":["University of St Andrews, School of Economics and Finance, St Andrews, KY16 9AL, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of St Andrews, School of Economics and Finance, St Andrews, KY16 9AL, UK","institution_ids":["https://openalex.org/I16835326"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5052954713","display_name":"Alan J. Sutherland","orcid":"https://orcid.org/0000-0002-0175-3886","observed_orcids":["https://orcid.org/0000-0002-0175-3886"]},"institutions":[{"id":"https://openalex.org/I16835326","display_name":"University of St Andrews","ror":"https://ror.org/02wn5qz54","country_code":"GB","type":"education","lineage":["https://openalex.org/I16835326"]},{"id":"https://openalex.org/I4210140326","display_name":"Centre for Economic Policy Research","ror":"https://ror.org/04jzmdh37","country_code":"GB","type":"nonprofit","lineage":["https://openalex.org/I4210140326"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Alan Sutherland","raw_affiliation_strings":["CEPR, University of St Andrews, St Andrews, KY16 9AL, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"CEPR, University of St Andrews, St Andrews, KY16 9AL, UK","institution_ids":["https://openalex.org/I16835326","https://openalex.org/I4210140326"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5064303480"],"corresponding_institution_ids":["https://openalex.org/I16835326"],"apc_list":{"value":4300,"currency":"USD","value_usd":4300},"apc_paid":null,"fwci":4.3299,"has_fulltext":false,"cited_by_count":19,"citation_normalized_percentile":{"value":0.94206572,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":87,"max":98},"biblio":{"volume":"117","issue":null,"first_page":"196","last_page":"208"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.923799991607666,"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":0.923799991607666,"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":0.06109999865293503,"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":0.01269999984651804,"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/optimal-monetary-policy","display_name":"optimal monetary policy","score":0.9990000128746033},{"id":"https://openalex.org/keywords/exchange-rate-misalignment","display_name":"exchange rate misalignment","score":0.9259999990463257},{"id":"https://openalex.org/keywords/incomplete-financial-markets","display_name":"incomplete financial markets","score":0.8299999833106995},{"id":"https://openalex.org/keywords/real-exchange-rate","display_name":"real exchange rate","score":0.6679999828338623},{"id":"https://openalex.org/keywords/inflation-targeting","display_name":"inflation targeting","score":0.828000009059906},{"id":"https://openalex.org/keywords/household-portfolio-choice","display_name":"household portfolio choice","score":0.6600000262260437},{"id":"https://openalex.org/keywords/welfare-trade-offs","display_name":"welfare trade-offs","score":0.7369999885559082}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7471941113471985},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.6744438409805298},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.6400397419929504},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5972386002540588},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.514342188835144},{"id":"https://openalex.org/C100243477","wikidata":"https://www.wikidata.org/wiki/Q12002092","display_name":"Welfare","level":2,"score":0.4887125492095947},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.4462232291698456},{"id":"https://openalex.org/C109354906","wikidata":"https://www.wikidata.org/wiki/Q6015174","display_name":"Incomplete markets","level":2,"score":0.44524261355400085},{"id":"https://openalex.org/C185824701","wikidata":"https://www.wikidata.org/wiki/Q1193759","display_name":"Inflation targeting","level":3,"score":0.44326478242874146},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.4307115077972412},{"id":"https://openalex.org/C69738904","wikidata":"https://www.wikidata.org/wiki/Q11693","display_name":"Bond","level":2,"score":0.4274807572364807},{"id":"https://openalex.org/C175291020","wikidata":"https://www.wikidata.org/wiki/Q1156822","display_name":"Offset (computer science)","level":2,"score":0.4264792799949646},{"id":"https://openalex.org/C2779513878","wikidata":"https://www.wikidata.org/wiki/Q631916","display_name":"Output gap","level":3,"score":0.4133555293083191},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.17334160208702087},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.1402115523815155},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.0},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0}],"mesh":[],"locations_count":12,"locations":[{"id":"doi:10.1016/j.jinteco.2018.12.001","doi":"https://doi.org/10.1016/j.jinteco.2018.12.001","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jinteco.2018.12.001","pdf_url":null,"source":{"id":"https://openalex.org/S198098467","display_name":"Journal of International Economics","issn_l":"0022-1996","issn":["0022-1996","1873-0353"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of International Economics","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:san:cdmawp:1602","doi":null,"is_oa":false,"landing_page_url":"http://www.st-andrews.ac.uk/~wwwecon/repecfiles/2/1602.pdf","pdf_url":"http://www.st-andrews.ac.uk/~wwwecon/repecfiles/2/1602.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":"pmh:oai:RePEc:san:wpecon:1603","doi":null,"is_oa":false,"landing_page_url":"http://www.st-andrews.ac.uk/~wwwecon/repecfiles/4/1603.pdf","pdf_url":"http://www.st-andrews.ac.uk/~wwwecon/repecfiles/4/1603.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:2301635917","doi":null,"is_oa":false,"landing_page_url":"https://EconPapers.repec.org/RePEc:san:cdmawp:1602","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":"mag:3125671416","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2766506","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},{"id":"pmh:oai:RePEc:cpr:ceprdp:11198","doi":null,"is_oa":false,"landing_page_url":"http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=11198","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:eee:inecon:v:117:y:2019:i:c:p:196-208","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S0022199618304471","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:easy.dans.knaw.nl:easy-dataset:83525","doi":null,"is_oa":false,"landing_page_url":"https://easy.dans.knaw.nl/ui/datasets/id/easy-dataset:83525","pdf_url":null,"source":{"id":"https://openalex.org/S4306401843","display_name":"Data Archiving and Networked Services (DANS)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1322597698","host_organization_name":"Royal Netherlands Academy of Arts and Sciences","host_organization_lineage":["https://openalex.org/I1322597698"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":null},{"id":"pmh:oai:figshare.com:article/8963357","doi":null,"is_oa":true,"landing_page_url":"https://figshare.com/articles/_Optimal_Monetary_Policy_Exchange_Rate_Misalignments_and_Incomplete_Financial_Markets_/8963357","pdf_url":null,"source":{"id":"https://openalex.org/S4377196282","display_name":"Figshare","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4210132348","host_organization_name":"Figshare (United Kingdom)","host_organization_lineage":["https://openalex.org/I4210132348"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Dataset"},{"id":"pmh:oai:research-repository.st-andrews.ac.uk:10023/20166","doi":null,"is_oa":false,"landing_page_url":"https://hdl.handle.net/10023/20166","pdf_url":null,"source":{"id":"https://openalex.org/S4306400230","display_name":"St Andrews Research Repository (St Andrews Research Repository)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I16835326","host_organization_name":"University of St Andrews","host_organization_lineage":["https://openalex.org/I16835326"],"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":"Journal article"},{"id":"pmh:oai:research-repository.st-andrews.ac.uk:10023/8096","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10023/8096","pdf_url":null,"source":{"id":"https://openalex.org/S4306400230","display_name":"St Andrews Research Repository (St Andrews Research Repository)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I16835326","host_organization_name":"University of St Andrews","host_organization_lineage":["https://openalex.org/I16835326"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Working or discussion paper"},{"id":"doi:10.17632/5mz7zgcx7v.1","doi":"https://doi.org/10.17632/5mz7zgcx7v.1","is_oa":true,"landing_page_url":"https://doi.org/10.17632/5mz7zgcx7v.1","pdf_url":null,"source":{"id":"https://openalex.org/S7407050775","display_name":"Mendeley Data","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":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Dataset"}],"best_oa_location":{"id":"mag:3125671416","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2766506","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},"sustainable_development_goals":[],"study_designs":[],"awards":[{"id":"https://openalex.org/G1697901870","display_name":null,"funder_award_id":"ES/I024174/1","funder_id":"https://openalex.org/F4320334630","funder_display_name":"Economic and Social Research Council"}],"funders":[{"id":"https://openalex.org/F4320334630","display_name":"Economic and Social Research Council","ror":"https://ror.org/03n0ht308"}],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":37,"referenced_works":["https://openalex.org/W1527381569","https://openalex.org/W1586022812","https://openalex.org/W1597287813","https://openalex.org/W1965569275","https://openalex.org/W1995278743","https://openalex.org/W2062960027","https://openalex.org/W2068689926","https://openalex.org/W2087773098","https://openalex.org/W2092231183","https://openalex.org/W2139009069","https://openalex.org/W2140625685","https://openalex.org/W2144395073","https://openalex.org/W2145164625","https://openalex.org/W2159506126","https://openalex.org/W2160062766","https://openalex.org/W2161803122","https://openalex.org/W2163790208","https://openalex.org/W2169068230","https://openalex.org/W2169797949","https://openalex.org/W2171401960","https://openalex.org/W2281052410","https://openalex.org/W2553768091","https://openalex.org/W2891326822","https://openalex.org/W3005225478","https://openalex.org/W3021164001","https://openalex.org/W3023613454","https://openalex.org/W3097259473","https://openalex.org/W3121293400","https://openalex.org/W3121455268","https://openalex.org/W3121670159","https://openalex.org/W3123460923","https://openalex.org/W3123609963","https://openalex.org/W3123711277","https://openalex.org/W3123970111","https://openalex.org/W3124656917","https://openalex.org/W3124765495","https://openalex.org/W4247765758"],"related_works":["https://openalex.org/W2145164625","https://openalex.org/W2977746790","https://openalex.org/W2422079381","https://openalex.org/W2128850398","https://openalex.org/W2147868854","https://openalex.org/W1585084036","https://openalex.org/W2907369801","https://openalex.org/W7127081039","https://openalex.org/W7113100752","https://openalex.org/W2064990525"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":3},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":4},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":6},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":1}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}