search query: @indexterm OPEN ECONOMY / total: 204
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| Author: | Guender, A. V. |
| Title: | Stabilising properties of discretionary monetary policies in a small open economy |
| Journal: | Economic Journal
2006 : JAN, VOL. 116:508, p. 309-326 |
| Index terms: | closed economy monetary policy open economy |
| Language: | eng |
| Abstract: | This article discusses a simple New Keynesian open-economy model and shows that the conduct of discretionary monetary policy n an open economy differs substantially from the closed-economy framework. The author shows analytically that the existence of the direct exchange channel in the open economy. |
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