The Choice of Monetary Instrument in Two Interdependent Economies Under Uncertainty
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This paper analyzes the choice of monetary instrument in a stochastic two country setting where each country's set of monetary policy instruments includes both the money supply and the interest rate. It shows how the optimal choice of instrument is determined In two stages. First, for each pair, the
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美国国家经济研究局创建时间：
1988-06-01
