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Monetary policy rules in the open economy: effects on welfare and business cycles

✍ Scribed by Robert Kollmann


Book ID
114220645
Publisher
Elsevier Science
Year
2002
Tongue
English
Weight
243 KB
Volume
49
Category
Article
ISSN
0304-3932

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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