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...
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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