On the use of open economy new Keynesian models to evaluate policy rules

被引：2
|
作者：
Obstfeld, Maurice [1 ]
机构：
[1] Univ Calif Berkeley, Berkeley, CA 94720 USA
来源：
JOURNAL OF ECONOMIC DYNAMICS & CONTROL | 2014年 / 49卷
关键词：
Monetary policy rules; Open economy models; Divine coincidence; MONETARY-POLICY;
D O I：
10.1016/j.jedc.2014.09.017
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper considers the use of new Keynesian open economy models to evaluate monetary policy rules. While recognizing the importance policy evaluation with such models, it presents a number of criticisms about assumptions relating to wage determination, the real interest rate, divine coincidence and financial stability. (C) 2014 Elsevier B.V. All rights reserved.
引用
收藏
页码：31 / 34
页数：4
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