FX Intervention in the New Keynesian Model /
We develop an open economy New Keynesian Model with foreign exchange intervention in the presence of a financial accelerator mechanism. We obtain closed-form solutions for the optimal interest rate policy and FX intervention under discretionary policy, in the face of shocks to risk appetite in inter...
| Autor principal: | |
|---|---|
| Altres autors: | , |
| Format: | Revista |
| Idioma: | English |
| Publicat: |
Washington, D.C. :
International Monetary Fund,
2017.
|
| Col·lecció: | IMF Working Papers; Working Paper ;
No. 2017/207 |
| Accés en línia: | Full text available on IMF |