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...

Cur síos iomlán

Sonraí bibleagrafaíochta
Príomhchruthaitheoir: Berg, Andrew
Rannpháirtithe: Portillo, Rafael, Unsal, Filiz
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 2010.
Sraith:IMF Working Papers; Working Paper ; No. 2010/134
Rochtain ar líne:Full text available on IMF