COMPARING MONETARY POLICY RULES IN THE ROMANIAN ECONOMY: A NEW KEYNESIAN APPROACH

被引：0
|
作者：
Caraiani, Petre [1 ]
机构：
[1] Acad Romana, Inst Econ Forecasting, Bucharest, Romania
来源：
ROMANIAN JOURNAL OF ECONOMIC FORECASTING | 2011年 / 14卷 / 04期
关键词：
New Keynesian models; small open economy; monetary policy; Taylor rules; Bayesian methods;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
A New Keynesian model of open economy is estimated and discussed in the case of Romania. The model is estimated using quarterly data on a post-2000 sample. The paper focuses on the monetary policy analysis and compares several specifications for the monetary policy within the Bayesian framework. The issue whether the National Bank reacts to the exchange rate is also discussed.
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页码：30 / 46
页数：17
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