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 pro...

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Detalhes bibliográficos
Autor principal: Chan-Lau, Jorge
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 1998.
coleção:IMF Working Papers; Working Paper ; No. 1998/153
Acesso em linha:Full text available on IMF