Inflation Targeting and Exchange Rate Rules in an Open Economy

Inflation Targeting and Exchange Rate Rules in an Open Economy
This paper provides a simple dynamic neo-Keynesian model that can be used to analyze the impact of monetary policy that considers inflation targeting in a small open economy. This economy is characterized by imperfect competition and short-run price rigidity. The main findings of the paper are that, depending on what shocks affect the economy,... READ MORE...

Publication date: February 2004
ISBN 9781451921892
$15.00

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