Monetary policy in open economies

The recent literature on monetary policy in open economies has produced a strong presumption in favor of activistic policy and flexible exchange rates. We argue that this result may owe much to the combination of two commonly made assumptions: That nominal goods prices are rigid. And that the moneta...

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Veröffentlicht in:	European economic review 2006-08, Vol.50 (6), p.1471-1486
1. Verfasser:	Dellas, Harris
Format:	Artikel
Sprache:	eng
Schlagworte:	Economic stabilization Economic theory Exchange rate systems Exchange rates Floating exchange rates Imperfect information Interest rates Monetary policy Money supply Nominal rigidities Open economies Policy analysis Studies Wage levels
Online-Zugang:	Volltext
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