## Abstract This paper develops a model of inflation targeting in a small open economy under floating exchange rates. The central bank follows a simple Taylor rule to achieve a target inflation rate, and the inflation process itself is determined by an expectations augmented Phillips curve mechanis
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A note on An open expanding economy model
β Scribed by Oskar Morgenstern; Gerald L. Thompson
- Publisher
- John Wiley and Sons
- Year
- 1972
- Tongue
- English
- Weight
- 172 KB
- Volume
- 19
- Category
- Article
- ISSN
- 0894-069X
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