Interest Rate Rules, Endogenous Cycles, and Chaotic Dynamics in Open Economies /

Interest Rate Rules, Endogenous Cycles, and Chaotic Dynamics in Open Economies /

We present an extensive analysis of the consequences for global equilibrium determinacy in flexible-price open economies of implementing active interest rate rules, id est, monetary rules where the nominal interest rate responds more than proportionally to inflation. We show that conditions under wh...

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Dettagli Bibliografici
Autore principale:	Zanna, Luis-Felipe
Altri autori:	Airaudo, Marco
Natura:	Periodico
Lingua:	English
Pubblicazione:	Washington, D.C. : International Monetary Fund, 2012.
Serie:	IMF Working Papers; Working Paper ; No. 2012/121
Accesso online:	Full text available on IMF

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