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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Chi tiết về thư mục
Tác giả chính: Berg, Andrew
Tác giả khác: Portillo, Rafael, Unsal, Filiz
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2010.
Loạt:IMF Working Papers; Working Paper ; No. 2010/134
Truy cập trực tuyến:Full text available on IMF