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The effect of external shocks on macroeconomic performance and monetary policy in a small open economy : evidence from Zambia

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Persistent link: https://www.econbiz.de/10011964721

Optimal choice of monetary policy instruments in an economy with real and liquidity shocks

Bhattacharya, Joydeep; Singh, Rajesh Kumar - In: Journal of economic dynamics & control 32 (2008) 4, pp. 1273-1311

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Optimal choice of monetary instruments in an economy with real and liquidity shocks

Bhattacharya, Joydeep (contributor); … - 2005

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Anchoring inflation expectations in the face of oil shocks & in the proximity of ZLB : a tale of two targeters

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Supply shocks and optimal monetary policy

Turnovsky, Stephen J. - 1986

Persistent link: https://www.econbiz.de/10000713360

Supply Shocks and Optimal Monetary Policy

Turnovsky, Stephen J. - 2021

This paper demonstrates that if current shocks are observed instantaneously, output can be stabilized perfectly for completely general supply disturbances, using simple monetary rules based only on: (i) the current shock, (ii) the previous forecast of the current shock, (iii) the forecast for...

Persistent link: https://www.econbiz.de/10013224388