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When is money neutral under flexible exchange rates?

โœ Scribed by Pekka Ahtiala


Book ID
113664271
Publisher
Elsevier Science
Year
2009
Tongue
English
Weight
163 KB
Volume
18
Category
Article
ISSN
1059-0560

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Optimal monetary policy under flexible e
โœ Stephen J. Turnovsky ๐Ÿ“‚ Article ๐Ÿ“… 1979 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 793 KB

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