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Optimal Monetary Policy in an Open Economy

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NBER1986-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2018
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This paper analyzes the optimal intertemporal tradeoff between inflation and output in an open economy under perfect foresight. The announcement of the optimal plan may, or may not, generate an initial jump in the exchange rate. That depends upon the real adjustment costs, which such unanticipated
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1986-09-01
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