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.

引用

页码：782 / 785

页数：4

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