Dollarization, Monetary Policy, and the Pass-Through

Dollarization, Monetary Policy, and the Pass-Through
This paper explores how real dollarization (dollar indexing of wages), financial dollarization (dollar denomination of financial contracts), and monetary policy interact in a general equilibrium, new open-economy macroeconomics model with real shocks. Real dollarization is avoided as long as the home monetary authorities conduct monetary policy... READ MORE...

Publication date: November 2002
ISBN 9781451859577
$15.00

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