A Small Structural Monetary Policy Model for Small Open Economies with Debt Accumulation /

We extend a small New Keynesian structural model used for monetary policy analysis to address a richer class of policy issues that arise in open economy analysis. We draw a distinction between absorption and domestic output, and as the difference between the two is effectively the current account, t...

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Dettagli Bibliografici
Autore principale: Karam, Philippe
Altri autori: Pagan, A. R.
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2008.
Serie:IMF Working Papers; Working Paper ; No. 2008/064
Accesso online:Full text available on IMF