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Monetary Policy Rules in a New Keynesian Euro Area Model

✍ Scribed by MIGUEL CASARES


Book ID
109146814
Publisher
John Wiley and Sons
Year
2007
Tongue
English
Weight
286 KB
Volume
39
Category
Article
ISSN
0022-2879

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In the framework of a Keynesian monetary macro model we study implications of kinked Phillips curves and alternative monetary policy rules. As alternative monetary policy rules we consider monetary growth targeting and interest rate targeting (the Taylor rule). Our monetary macro model exhibits: ass