Optimal Monetary Policy in Closed versus Open Economies: An Integrated Approach
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This paper develops a new open economy macro model of optimal monetary for a small open economy. Our main result is that in this model, the optimal policy problem for the small open economy is isomorphic to the closed economy case studied in Clarida, Gali, Gertler (1999). In particular, the optimal
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美国国家经济研究局创建时间：
2001-11-01
