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Monetary rules for small, open, emerging economies

Authors :
Laxton, Douglas
Pesenti, Paolo
Source :
Journal of Monetary Economics. July, 2003, Vol. 50 Issue 5, p1109, 36 p.
Publication Year :
2003

Abstract

A variant of the IMF's Global Economic Model that is suitable to analyze macroeconomic dynamics in open economies is developed. The model is used to assess the effectiveness of Taylor rules and inflation-forecast-based (IFB) rules in stabilizing variability in output and inflation.

Details

Language :
English
ISSN :
03043932
Volume :
50
Issue :
5
Database :
Gale General OneFile
Journal :
Journal of Monetary Economics
Publication Type :
Academic Journal
Accession number :
edsgcl.122500283