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A New Dilemma: Capital Controls and Monetary Policy in Sudden Stop Economies

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NBER2015-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w21791
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资源简介:
The dangers of high capital flow volatility and sudden stops have led economists to promote the use of capital controls as an addition to monetary policy in emerging market economies. This paper studies the benefits of capital controls and monetary policy in an open economy with financial frictions,
提供机构:
美国国家经济研究局
创建时间:
2015-12-01
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