{"id":"https://openalex.org/W3122215841","doi":"https://doi.org/10.1111/j.1467-9485.2008.00455.x","title":"INTEREST RATE RULES AND WELFARE IN OPEN ECONOMIES","display_name":"INTEREST RATE RULES AND WELFARE IN OPEN ECONOMIES","publication_year":2008,"publication_date":"2008-06-02","ids":{"openalex":"https://openalex.org/W3122215841","doi":"https://doi.org/10.1111/j.1467-9485.2008.00455.x","mag":"3122215841"},"language":"en","primary_location":{"id":"doi:10.1111/j.1467-9485.2008.00455.x","doi":"https://doi.org/10.1111/j.1467-9485.2008.00455.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1467-9485.2008.00455.x","pdf_url":null,"source":{"id":"https://openalex.org/S111496547","display_name":"Scottish Journal of Political Economy","issn_l":"0036-9292","issn":["0036-9292","1467-9485"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-40","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":"Scottish Journal of Political Economy","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.1020708","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"]},{"id":"https://openalex.org/I201799495","display_name":"Middle East Technical University","ror":"https://ror.org/014weej12","country_code":"TR","type":"education","lineage":["https://openalex.org/I201799495"]}],"countries":["GB","TR"],"is_corresponding":true,"raw_author_name":"Ozge Senay","raw_affiliation_strings":["University of St Andrews and Middle East Technical University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of St Andrews and Middle East Technical University","institution_ids":["https://openalex.org/I16835326","https://openalex.org/I201799495"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5064303480"],"corresponding_institution_ids":["https://openalex.org/I16835326","https://openalex.org/I201799495"],"apc_list":{"value":2900,"currency":"USD","value_usd":2900},"apc_paid":null,"fwci":4.5001,"has_fulltext":false,"cited_by_count":17,"citation_normalized_percentile":{"value":0.94795539,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":94},"biblio":{"volume":"55","issue":"3","first_page":"300","last_page":"329"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9961000084877014,"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":0.9961000084877014,"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":0.0024999999441206455,"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":0.0008999999845400453,"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/interest-rate-rules","display_name":"interest rate rules","score":0.9959999918937683},{"id":"https://openalex.org/keywords/monetary-policy","display_name":"monetary policy","score":0.6890000104904175},{"id":"https://openalex.org/keywords/welfare","display_name":"welfare","score":0.656000018119812},{"id":"https://openalex.org/keywords/open-economy","display_name":"open economy","score":0.8759999871253967},{"id":"https://openalex.org/keywords/nominal-rigidities","display_name":"nominal rigidities","score":0.8870000243186951},{"id":"https://openalex.org/keywords/small-open-economy","display_name":"small open economy","score":0.7879999876022339},{"id":"https://openalex.org/keywords/inflation-targeting","display_name":"inflation targeting","score":0.5230000019073486},{"id":"https://openalex.org/keywords/output-feedback","display_name":"output feedback","score":0.671999990940094},{"id":"https://openalex.org/keywords/price-setting","display_name":"price setting","score":0.7160000205039978},{"id":"https://openalex.org/keywords/nash-equilibrium","display_name":"Nash equilibrium","score":0.7590000033378601},{"id":"https://openalex.org/keywords/cooperative-equilibrium","display_name":"cooperative equilibrium","score":0.8669999837875366},{"id":"https://openalex.org/keywords/two-country-model","display_name":"two-country model","score":0.574999988079071}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.8635754585266113},{"id":"https://openalex.org/C84976871","wikidata":"https://www.wikidata.org/wiki/Q2015673","display_name":"Openness to experience","level":2,"score":0.7288583517074585},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.6986682415008545},{"id":"https://openalex.org/C2778135664","wikidata":"https://www.wikidata.org/wiki/Q1929451","display_name":"Open economy","level":3,"score":0.6955541372299194},{"id":"https://openalex.org/C2777883944","wikidata":"https://www.wikidata.org/wiki/Q7543547","display_name":"Small open economy","level":3,"score":0.6944687962532043},{"id":"https://openalex.org/C100243477","wikidata":"https://www.wikidata.org/wiki/Q12002092","display_name":"Welfare","level":2,"score":0.6175518035888672},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.5744080543518066},{"id":"https://openalex.org/C134121241","wikidata":"https://www.wikidata.org/wiki/Q899301","display_name":"Yield (engineering)","level":2,"score":0.5278760194778442},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.4422452747821808},{"id":"https://openalex.org/C154815372","wikidata":"https://www.wikidata.org/wiki/Q1140421","display_name":"Real interest rate","level":3,"score":0.4257383644580841},{"id":"https://openalex.org/C84888623","wikidata":"https://www.wikidata.org/wiki/Q1205832","display_name":"Nominal interest rate","level":4,"score":0.4246442914009094},{"id":"https://openalex.org/C2778222704","wikidata":"https://www.wikidata.org/wiki/Q1898150","display_name":"Taylor rule","level":4,"score":0.41707974672317505},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3951011300086975},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.3807861804962158},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.3420519530773163},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.10835263133049011},{"id":"https://openalex.org/C2992735868","wikidata":"https://www.wikidata.org/wiki/Q66344","display_name":"Central bank","level":3,"score":0.10696375370025635},{"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/C192562407","wikidata":"https://www.wikidata.org/wiki/Q228736","display_name":"Materials science","level":0,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.0},{"id":"https://openalex.org/C191897082","wikidata":"https://www.wikidata.org/wiki/Q11467","display_name":"Metallurgy","level":1,"score":0.0},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1111/j.1467-9485.2008.00455.x","doi":"https://doi.org/10.1111/j.1467-9485.2008.00455.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1467-9485.2008.00455.x","pdf_url":null,"source":{"id":"https://openalex.org/S111496547","display_name":"Scottish Journal of Political Economy","issn_l":"0036-9292","issn":["0036-9292","1467-9485"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-40","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":"Scottish Journal of Political Economy","raw_type":"journal-article"},{"id":"doi:10.2139/ssrn.1020708","doi":"https://doi.org/10.2139/ssrn.1020708","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.1020708","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":null,"raw_type":"posted-content"},{"id":"pmh:oai:https://open.metu.edu.tr:11511/64254","doi":null,"is_oa":true,"landing_page_url":"https://hdl.handle.net/11511/64254","pdf_url":null,"source":{"id":"https://openalex.org/S4306402495","display_name":"OpenMETU (Middle East Technical University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I201799495","host_organization_name":"Middle East Technical University","host_organization_lineage":["https://openalex.org/I201799495"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null},{"id":"pmh:oai:research-repository.st-andrews.ac.uk:10023/2286","doi":null,"is_oa":false,"landing_page_url":"http://www.scopus.com/inward/record.url?scp=44949263928&partnerID=8YFLogxK","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"}],"best_oa_location":{"id":"doi:10.2139/ssrn.1020708","doi":"https://doi.org/10.2139/ssrn.1020708","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.1020708","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":null,"raw_type":"posted-content"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":91,"referenced_works":["https://openalex.org/W26872546","https://openalex.org/W1482401614","https://openalex.org/W1488543540","https://openalex.org/W1492494577","https://openalex.org/W1518970509","https://openalex.org/W1536701088","https://openalex.org/W1547845881","https://openalex.org/W1572499380","https://openalex.org/W1585441176","https://openalex.org/W1965751124","https://openalex.org/W1979483646","https://openalex.org/W1980789585","https://openalex.org/W1995278743","https://openalex.org/W1997901562","https://openalex.org/W2020619809","https://openalex.org/W2028626408","https://openalex.org/W2034092481","https://openalex.org/W2038415426","https://openalex.org/W2089170444","https://openalex.org/W2091945926","https://openalex.org/W2103040003","https://openalex.org/W2104560005","https://openalex.org/W2114519883","https://openalex.org/W2118644853","https://openalex.org/W2122566335","https://openalex.org/W2127680685","https://openalex.org/W2129606415","https://openalex.org/W2129676560","https://openalex.org/W2135749726","https://openalex.org/W2138647346","https://openalex.org/W2140898820","https://openalex.org/W2144395073","https://openalex.org/W2146282177","https://openalex.org/W2155143309","https://openalex.org/W2155448363","https://openalex.org/W2155976466","https://openalex.org/W2160062766","https://openalex.org/W2163790208","https://openalex.org/W2171881703","https://openalex.org/W2247596475","https://openalex.org/W2753199792","https://openalex.org/W2889712533","https://openalex.org/W2891936116","https://openalex.org/W3021164001","https://openalex.org/W3021345602","https://openalex.org/W3023761916","https://openalex.org/W3121309180","https://openalex.org/W3121467051","https://openalex.org/W3122297279","https://openalex.org/W3122391341","https://openalex.org/W3122920447","https://openalex.org/W3123460923","https://openalex.org/W3123670768","https://openalex.org/W3123711277","https://openalex.org/W3123941595","https://openalex.org/W3124656917","https://openalex.org/W3124757963","https://openalex.org/W3124784092","https://openalex.org/W3124915497","https://openalex.org/W3125072420","https://openalex.org/W3125135614","https://openalex.org/W3125592855","https://openalex.org/W4206805906","https://openalex.org/W4230044614","https://openalex.org/W4230102700","https://openalex.org/W4230733111","https://openalex.org/W4231732276","https://openalex.org/W4232350649","https://openalex.org/W4235409929","https://openalex.org/W4235714486","https://openalex.org/W4236306571","https://openalex.org/W4237393725","https://openalex.org/W4238290292","https://openalex.org/W4238470486","https://openalex.org/W4239620179","https://openalex.org/W4241583458","https://openalex.org/W4241763373","https://openalex.org/W4242505993","https://openalex.org/W4242645630","https://openalex.org/W4243417034","https://openalex.org/W4243907648","https://openalex.org/W4244374732","https://openalex.org/W4244799990","https://openalex.org/W4245096590","https://openalex.org/W4245374641","https://openalex.org/W4247765758","https://openalex.org/W4248530912","https://openalex.org/W4249232502","https://openalex.org/W4250667111","https://openalex.org/W4252410202","https://openalex.org/W4255972513"],"related_works":["https://openalex.org/W2503269531","https://openalex.org/W2100417513","https://openalex.org/W2107010742","https://openalex.org/W7096007750","https://openalex.org/W7097508303","https://openalex.org/W7070096208","https://openalex.org/W1504477265","https://openalex.org/W2188020050","https://openalex.org/W7096603882","https://openalex.org/W1521194971"],"abstract_inverted_index":{"ABSTRACT":[0],"This":[1,57],"paper":[2],"analyses":[3],"the":[4,49,89,99],"welfare":[5,51],"performance":[6],"of":[7,10,64,68,98],"a":[8,31,53,95],"set":[9],"five":[11],"alternative":[12,73],"interest":[13,33],"rate":[14,34],"rules":[15,76],"in":[16,94],"an":[17],"open":[18,55],"economy":[19],"stochastic":[20],"dynamic":[21],"general":[22],"equilibrium":[23],"model":[24],"with":[25,30],"nominal":[26],"rigidities.":[27],"A":[28],"rule":[29,85],"lagged":[32],"term,":[35],"high":[36],"feedback":[37,42],"on":[38,43],"inflation":[39],"and":[40,70,77,91],"low":[41],"output":[44],"is":[45,59],"found":[46],"to":[47],"yield":[48],"highest":[50],"for":[52,80],"small":[54],"economy.":[56],"result":[58],"robust":[60],"across":[61],"different":[62,66,78],"degrees":[63],"openness,":[65],"sources":[67],"home":[69],"foreign":[71,74],"shocks,":[72],"monetary":[75],"specifications":[79],"price\u2010setting":[81],"behaviour.":[82],"The":[83],"same":[84],"emerges":[86],"as":[87],"both":[88],"Nash":[90],"cooperative":[92],"equilibria":[93],"two\u2010country":[96],"version":[97],"model.":[100]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2022,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2013,"cited_by_count":1}],"updated_date":"2026-11-09T13:22:03.289127","created_date":"2021-02-01T00:00:00"}
