Sweidan, Osama; Kalaji, Fadwa - In: Economics Bulletin 5 (2005) 12, pp. 1-6
The goal of this paper is to extend the model of Cecchetti and Ehrmann 2000 to study the case of developing countries that have a constraint in conducting their monetary policies. Contrary to Cecchetti and Ehrmann 2000 model, our model shows that the existence of such a constraint i.e. cost...
