Endogenous Monetary Policy Credibility in a Small Macro Model of Israel /

Endogenous Monetary Policy Credibility in a Small Macro Model of Israel /

This paper extends a small linear model of the Israeli economy to allow for nonlinearities in the inflation-output process that arise from convexity in the Phillips curve and endogenous monetary policy credibility. We find that the dynamic responses to shocks in the extended model more closely resem...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur:	Argov, Eyal
Awduron Eraill:	Epstein, Natan, Karam, Philippe, Rose, David
Fformat:	Cylchgrawn
Iaith:	English
Cyhoeddwyd:	Washington, D.C. : International Monetary Fund, 2007.
Cyfres:	IMF Working Papers; Working Paper ; No. 2007/207
Mynediad Ar-lein:	Full text available on IMF

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