Financial openness, nontradable inflation and optimal monetary policy

被引：6
|
作者：
Lartey, Emmanuel K. K. [1 ]
机构：
[1] Calif State Univ Fullerton, Dept Econ, Fullerton, CA 92834 USA
来源：
ECONOMICS LETTERS | 2012年 / 117卷 / 03期
关键词：
Financial openness; Capital inflows; Real exchange rate; CAPITAL INFLOWS;
D O I：
10.1016/j.econlet.2012.08.043
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper examines capital inflow dynamics for varying degrees of financial openness under a Taylor-type rule. The findings show that higher openness generates a more sensitive response in nontradable inflation, and that optimal monetary policy varies with the degree of openness. (C) 2012 Elsevier B.V. All rights reserved.
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页码：782 / 785
页数：4
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