Related Books
Language: en
Pages: 40
Pages: 40
Type: BOOK - Published: 2003 - Publisher: International Monetary Fund
Introducing habit formation into an open economy macroeconomic model with price stickiness, we examine the characteristics of an optimal monetary policy. We fin
Language: en
Pages: 33
Pages: 33
Type: BOOK - Published: 2003 - Publisher:
Language: en
Pages: 62
Pages: 62
Type: BOOK - Published: 2007-09 - Publisher: International Monetary Fund
This paper studies optimal monetary policy in a two-sector small open economy model under segmented asset markets and sticky prices. We solve the Ramsey problem
Language: en
Pages: 20
Pages: 20
Type: BOOK - Published: 1998-10-01 - Publisher: International Monetary Fund
The paper analyzes the effects of monetary policy in a dynamic model of a small open economy with cash and credit goods production, where government consumption
Language: en
Pages: 341
Pages: 341
Type: BOOK - Published: 2008-01-01 - Publisher: Edward Elgar Publishing
Froyen and Guender have provided a thorough and careful analysis of optimal monetary policy over most of the range of theoretical models that have been used in