Currency Misalignments and Optimal Monetary Policy: A Reexamination
收藏NBER2009-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14829
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资源简介：
This paper examines optimal monetary policy in an open-economy two-country model with sticky prices. We show that currency misalignments are inefficient and lower world welfare. We find that optimal policy must target not only inflation and the output gap, but also the currency misalignment. However
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美国国家经济研究局创建时间：
2009-04-01
