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Cost-push shocks and monetary policy in open economies

Sutherland, Alan - 2002

Geldpolitik in einem 2-Länder-Modell mit träger Preisanpassung. Neben einem Cost-Push-Schock erlebt jedes Land auch …

Persistent link: https://www.econbiz.de/10011431833

Cost-push shocks and monetary policy in open economies

Sutherland, Alan - 2002

This paper analyses the implications of cost-push shocks for the optimal choice of monetary policy target in an two-country sticky-price model. In addition to cost-push shocks, each country is subject to labour-supply and money-demand shocks. It is shown that the fully optimal coordinated policy...

Persistent link: https://www.econbiz.de/10001717515

Cost-push shocks and monetary policy in open economies

Sutherland, Alan - In: Oxford economic papers 57 (2005) 1, pp. 1-33

Persistent link: https://www.econbiz.de/10002590460

Cost-Push Shocks and Monetary Policy in Open Economics

Sutherland, Alan - 2005

This paper analyses the implications of cost-push shocks for the optimal choice of monetary policy target in a two-country sticky-price model. In addition to cost-push shocks, each country is subject to labour-supply and money-demand shocks. It is shown that the fully optimal coordinated policy...

Persistent link: https://www.econbiz.de/10014064419