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finding is that the behavior of the domestic variables (for instance, output, inflation) is quite sensitive to the monetary … less so. Among different policy rules, domestic inflation targeting achieves the best stabilization outcome of aggregate … of consumer price inflation performs similarly well"--National Bureau of Economic Research web site …
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This paper develops a stochastic two-country "perpetual youth" Dynamic New Keynesian model of the international business cycle with incomplete international financial markets and stationary net foreign assets. The model allows for a thorough analysis of the interaction of endogenous monetary...
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finding is that the behavior of the domestic variables (for instance, output, inflation) is quite sensitive to the monetary … less so. Among different policy rules, domestic inflation targeting achieves the best stabilization outcome of aggregate … of consumer price inflation performs similarly well …
Persistent link: https://www.econbiz.de/10012759418
finding is that the behavior of the domestic variables (for instance, output, inflation) is quite sensitive to the monetary … less so. Among different policy rules, domestic inflation targeting achieves the best stabilization outcome of aggregate … of consumer price inflation performs similarly well …
Persistent link: https://www.econbiz.de/10012464741