Monetary Policy in Closed and Open Economies
Two DSGE models are calibrated and simulated to investigate how the role of monetarypolicy differs between a closed and an open economy. The central bank conducts monetary policy according to a Taylor (1993) rule, reacting to inflation- and output deviations. Prices are sticky and there are habit co...
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| Format: | Others |
| Language: | English |
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Uppsala universitet, Nationalekonomiska institutionen
2009
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| Online Access: | http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-108006 |