Optimal Monetary Policy in a Small Open Economy Under Segmented Asset Markets and Sticky Prices /

This paper studies optimal monetary policy in a two-sector small open economy model under segmented asset markets and sticky prices. We solve the Ramsey problem under full commitment, and characterize the optimal monetary policy in a calibrated version of the model. The findings of the paper are thr...

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Chi tiết về thư mục
Tác giả chính: Medina Guzman, Juan Pablo
Tác giả khác: Lama, Ruy
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2007.
Loạt:IMF Working Papers; Working Paper ; No. 2007/217
Truy cập trực tuyến:Full text available on IMF