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Alternative monetary policies in an inflationary equilibrium model of the open economy

✍ Scribed by Bhandari, Jagdeep S. ;Turnovsky, Stephen J.


Book ID
112829434
Publisher
Springer
Year
1982
Tongue
English
Weight
832 KB
Volume
118
Category
Article
ISSN
1610-2924

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## Abstract We develop a structural model of a small open economy with gradual exchange rate pass‐through and endogenous inertia in inflation and output. We then estimate the model by matching the implied impulse responses with those obtained from a VAR model estimated on Swedish data. Although our