Economic Analysis Pdf 129198

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Monetary Policy in OpenEconomies: SomeNew Perspectives Maurice Obstfeld University of California, Berkele y Lecture Notes Overarching question: How should monetary policy be conducted in an open economy? Issue : Do ...

Filetype PDF | Posted on 14 Oct 2022 | 2 years ago

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...Monetary policy in openeconomies somenew perspectives maurice obstfeld university of california berkele y lecture notes overarching question how should be conducted an open economy issue do exchange rate changes promote international adjustment if so not why what role for coordination we think about modeling aworld rapid financial innovation someanswerscomefromthenewopeneconomy macroeconomics noem approach which focuses on the integration explicit microfoundations short run nominal price wage rigidities imperfect competition and setting attention to consequences uncertainty long budget constraints rigorous welfare analysis type practiced public finance now being applied at imf global economic model gem e g d laxton p pesenti j economics july doexchangeratechangespromoteinternational different ways conceptualizing old does a currency depreciation help restore balance payments equilibrium new is useful buffer real shocks newer maximizing feedback rule imply substantial variation this tur...

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Posted on: 14 Oct 2022 | 2 years ago
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