Monetary Policy in a Small Open Economy with Credit Goods Production

Monetary Policy in a Small Open Economy with Credit Goods Production
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 is financed by seignorage. It shows that the interrelationships between the growth rate of the monetary aggregate and the technological properties of the economy have an important... READ MORE...

Publication date: October 1998
ISBN 9781451922448
$15.00

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