Monetary Rules for Small, Open, Emerging Economies
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This paper develops a variant of the IMF's Global Economic Model (GEM) suitable to analyze macroeconomic dynamics in open economies, and uses it to assess the effectiveness of Taylor rules and Inflation-Forecast-Based (IFB) rules in stabilizing variability in output and inflation. Our findings
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美国国家经济研究局创建时间：
2003-03-01
