The Advantage of Transparent Instruments of Monetary Policy
收藏NBER2001-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w8681
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资源简介：
Is the exchange rate or the money growth rate the better instrument of monetary policy? A common argument is that the exchange rate has a natural advantage because it is more transparent: it is easier for the public to monitor than the money growth rate. We formalize this argument in a simple model
提供机构：
美国国家经济研究局创建时间：
2001-12-01
