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Does the exchange rate belong in monetary policy rules? : new answers from a DSGE model with endogenous tradability and trade frictions

Kumhof, Michael; Laxton, Douglas; Naknoi, Kanda - In: Macroeconomic performance in a globalising economy, (pp. 120-154). 2011

Persistent link: https://www.econbiz.de/10008909082

Central banking, protectionism and globalization

Frenkel, Jacob A. - In: Acta oeconomica : periodical of the Hungarian Academy … 69 (2019), pp. 121-140

Persistent link: https://www.econbiz.de/10012137289

Inflation and welfare in models with trading frictions

Rocheteau, Guillaume; Wright, Randall D. - In: Monetary policy in low-inflation economies, (pp. 89-125). 2009

Persistent link: https://www.econbiz.de/10003930693

Inflation and Welfare in Models with Trading Frictions

Rocheteau, Guillaume; Wright, Randall - 2003

We study the effects of inflation in models with various trading frictions. The framework is related to recent search-based monetary theory, in that trade takes place periodically in centralized and decentralized markets, but we consider three alternative mechanisms for price formation:...

Persistent link: https://www.econbiz.de/10014074396