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Continuous-time estimation of an endogenous growth model of an open economy

โœ Scribed by Kieran P. Donaghy; Daniela Federici; Giancarlo Gandolfo


Publisher
Springer
Year
2001
Tongue
English
Weight
107 KB
Volume
35
Category
Article
ISSN
0570-1864

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A model of inflation targeting in an ope
โœ Jay H. Levin ๐Ÿ“‚ Article ๐Ÿ“… 2004 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 186 KB

## 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