๐”– Bobbio Scriptorium
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Optimal Monetary Policy

โœ Scribed by Khan, Aubhik; King, Robert G.; Wolman, Alexander L.


Book ID
108534029
Publisher
John Wiley and Sons
Year
2003
Tongue
English
Weight
301 KB
Volume
70
Category
Article
ISSN
0034-6527

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This paper considers optimal monetary stabilization policy under flexible exchange rates in a model where exchange rate expectations are generated regressively. The analysis highlights the intimate relationship that exists between: (a) the direction of the optimal monetary feedback rule, (b) the amo