Optimal Monetary Policy in a Small Open Economy with Habit Formation and Nominal Rigidities /
Introducing habit formation into an open economy macroeconomic model with price stickiness, we examine the characteristics of an optimal monetary policy. We find that, first, the optimal policy rule entails interest rate smoothing and responds to the lagged values of the foreign interest rate and do...
| Հիմնական հեղինակ: | |
|---|---|
| Այլ հեղինակներ: | |
| Ձևաչափ: | Ամսագիր |
| Լեզու: | English |
| Հրապարակվել է: |
Washington, D.C. :
International Monetary Fund,
2003.
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| Շարք: | IMF Working Papers; Working Paper ;
No. 2003/005 |
| Առցանց հասանելիություն: | Full text available on IMF |