On the Optimal Adherence to Money Targets in a New-Keynesian Framework : An Application to Low-Income Countries /
Many low-income countries continue to describe their monetary policy framework in terms of targets on monetary aggregates. This contrasts with most modern discussions of monetary policy, and with most practice. We extend the new-Keynesian model to provide a role for 'M' in the conduct of m...
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| Altres autors: | , |
| Format: | Revista |
| Idioma: | English |
| Publicat: |
Washington, D.C. :
International Monetary Fund,
2010.
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| Col·lecció: | IMF Working Papers; Working Paper ;
No. 2010/134 |
| Accés en línia: | Full text available on IMF |