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The Role of Financial Market Structure and the Trade Elasticity for Monetary Policy in Open Economies

✍ Scribed by KATRIN RABITSCH


Book ID
114754483
Publisher
John Wiley and Sons
Year
2012
Tongue
English
Weight
693 KB
Volume
44
Category
Article
ISSN
0022-2879

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The empirics of monetary policy rules in
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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