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...
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| Autres auteurs: | , , |
| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
2007.
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| Collection: | IMF Working Papers; Working Paper ;
No. 2007/207 |
| Accès en ligne: | Full text available on IMF |