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Credibility and commitment of monetary policy in open economies

โœ Scribed by Marcello D'Amato; Riccardo Martina


Book ID
113590825
Publisher
Elsevier Science
Year
2005
Tongue
English
Weight
296 KB
Volume
21
Category
Article
ISSN
0176-2680

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## Abstract This paper uses the empirical framework for formulating and estimating forward looking monetary policy rules developed in Clarida, Gali and Gertler (1998, 1999, 2000, 2001) and Clarida (2000) to assess what we know, don't know, and can't tell about monetary policy making in an open econ