Globalisation, Pass-through and the Optimal Policy Response to Exchange Rates
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In this paper we examine how monetary policy should respond to nominal exchange rates in a New Keynesian open economy model that allows for a non-trivial role for sterilised intervention. The paper develops the argument against the backdrop of the evolving policy-making environment of Asian
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美国国家经济研究局创建时间：
2014-06-01
