Optimal monetary policy in a small, open economy: a general-equilibrium analysis
The two central issues in monetary policy are separated by time horizon. The first relates to the short run: what is the appropriate monetary policy across the business cycle? The second relates to the long run: waht is the optimal long-run rate of inflation? This paper explores these classic issues...
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| Auteurs principaux: | , |
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| Format: | Artículo |
| Langue: | eng |
| Publié: |
Banco Central de Chile
2019
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| Accès en ligne: | https://hdl.handle.net/20.500.12580/3658 |
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| Résumé: | The two central issues in monetary policy are separated by time horizon. The first relates to the short run: what is the appropriate monetary policy across the business cycle? The second relates to the long run: waht is the optimal long-run rate of inflation? This paper explores these classic issues from the ventage point of a small, open economy. |
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