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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| Format: | Tidsskrift |
| Sprog: | English |
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Washington, D.C. :
International Monetary Fund,
2012.
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| Serier: | IMF Working Papers; Working Paper ;
No. 2012/121 |
| Online adgang: | Full text available on IMF |