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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书目详细资料
主要作者: Zanna, Luis-Felipe
其他作者: Airaudo, Marco
格式: 杂志
语言:English
出版: Washington, D.C. : International Monetary Fund, 2012.
丛编:IMF Working Papers; Working Paper ; No. 2012/121
在线阅读:Full text available on IMF

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