The Optimal Monetary Policy Response to Exchange Rate Misalignments.
A common feature of exchange rate misalignments is that they produce a divergence between traded and non-traded goods sectors, leading to pressures on monetary policy makers to react. In this paper we develop a small open economy model which features traded and non-traded goods sectors with which to...
| Main Authors: | , |
|---|---|
| פורמט: | Working paper |
| שפה: | English |
| יצא לאור: |
Department of Economics (University of Oxford)
2007
|