On Optimal Monetary Policy Rules and the Construction of MCIs in the Open Economy

被引：0
|
作者：
Alfred V. Guender
机构：
[1] University of Canterbury,Department of Economics
来源：
Open Economies Review | 2005年 / 16卷
关键词：
open economy; direct exchange rate channel; optimal monetary policy; MCI;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
This paper presents a simple open-economy forward-looking model to underscore the important role of the real exchange rate channel in the conduct of optimal monetary policy. As opposed to the closed economy, optimal monetary policy in the open economy depends on both demand-side and supply-side parameters.
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页码：189 / 207
页数：18
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