Interest Rate Rules, Inflation Stabilization, and Imperfect Credibility: The Small Open Economy Case
收藏NBER2007-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w13177
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The paper examines the robustness of Interest Rate Rules, IRRs, in the context of an imperfectly credible stabilization program, closely following the format of much of the literature in open-economy models, e.g., Calvo and Vgh (1993 and 1999). A basic result is that IRRs, like Exchange Rate Based
提供机构：
美国国家经济研究局
创建时间：
2007-06-01
