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| Tekijä: | Guender, A. V. |
| Otsikko: | Stabilising properties of discretionary monetary policies in a small open economy |
| Lehti: | Economic Journal
2006 : JAN, VOL. 116:508, p. 309-326 |
| Asiasana: | closed economy monetary policy open economy |
| Kieli: | eng |
| Tiivistelmä: | 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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