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achieves full employment and the other suffers long-run unemployment. Own and spill-over effects of changes in policy …
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achieves full employment and the other suffers long-run unemployment. Own and spill-over effects of changes in policy …
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large current account deficit or rise in inflation or interest rates, a rising inflow of external capital, accompanied by … the RBI's sterilizing these inflows and accumulating large reserves, even in the face of low inflation. We offer a …
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unemployment, the optimal policy is to minimize variance of domestic price inflation, wage inflation, and the output gap when both …In this paper, we consider a small open economy under the New Keynesian model with unemployment of Galí (2011a, b) to … domestic price and wage are sticky. Second, stabilizing unemployment rate is important in reducing the welfare loss incurred by …
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