Optimal Monetary Policy in a Small Open Economy Under Segmented Asset Markets and Sticky Prices /
This paper studies optimal monetary policy in a two-sector small open economy model under segmented asset markets and sticky prices. We solve the Ramsey problem under full commitment, and characterize the optimal monetary policy in a calibrated version of the model. The findings of the paper are thr...
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| Format: | Revista |
| Idioma: | English |
| Publicat: |
Washington, D.C. :
International Monetary Fund,
2007.
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| Col·lecció: | IMF Working Papers; Working Paper ;
No. 2007/217 |
| Accés en línia: | Full text available on IMF |