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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Detaylı Bibliyografya
Yazar: Berg, Andrew
Diğer Yazarlar: Portillo, Rafael, Unsal, Filiz
Materyal Türü: Dergi
Dil:English
Baskı/Yayın Bilgisi: Washington, D.C. : International Monetary Fund, 2010.
Seri Bilgileri:IMF Working Papers; Working Paper ; No. 2010/134
Online Erişim:Full text available on IMF