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Distributional Effects of Monetary Policy in Emerging Market Economies

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NBER2015-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w21471
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资源简介:
We develop a two-sector, heterogeneous-agent model with incomplete financial markets to study the distributional effects and aggregate welfare implications of alternative monetary policy rules in emerging market economies. Relative to inflation targeting, exchange rate management benefits households
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2015-08-01
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