Monetary rules for small, open, emerging economies
Article Abstract:
A variant of the IMF's Global Economic Model that is suitable to analyze macroeconomic dynamics in open economies is developed. The model is used to assess the effectiveness of Taylor rules and inflation-forecast-based (IFB) rules in stabilizing variability in output and inflation.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2003
User Contributions:
Comment about this article or add new information about this topic:
Multiple-solution indeterminacies in monetary policy analysis
Article Abstract:
A sizeable fraction of research on monetary policy is concerned with issues relating to analytical multiple solutions in rational expectations (RE). The arguments regarding the conclusions based on multiple-solution indeterminacy findings that are of dubious merit rather generally.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2003
User Contributions:
Comment about this article or add new information about this topic: