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A behavioral New Keynesian model of a small open economy under limited foresight / by Seunghoon Na and Yinxi Xie.: FB3-5/2023-44E-PDF

"This paper investigates exchange rate dynamics in open economies by incorporating bounded rationality. We develop a small open-economy New Keynesian model with an incomplete asset market, wherein decision-makers possess limited foresight and can plan for only a finite distance into the future"--Abstract.

Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.927615&sl=0

Publication information
Department/Agency
  • Bank of Canada, issuing body.
TitleA behavioral New Keynesian model of a small open economy under limited foresight / by Seunghoon Na and Yinxi Xie.
Series title
  • Staff working paper = Document de travail du personnel, 1701-9397 ; 2023-44
Publication typeMonograph - View Master Record
Language[English]
FormatDigital text
Electronic document
Note(s)
  • "Last updated: August 17, 2023."
  • Includes bibliographical references.
  • Includes abstract in French.
Publishing information
  • [Ottawa] : Bank of Canada = Banque du Canada, 2023.
  • ©2023
Author / Contributor
  • Na, Seunghoon, author.
Description1 online resource (ii, 67 pages) : charts.
Catalogue number
  • FB3-5/2023-44E-PDF
Subject terms
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