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Details for article 3 of 7 found articles
| Title: |
Optimal Monetary Policy with an Interest-Equalization Tax in a Small Open Economy |
| Author: |
Benavie, Arthur Froyen, Richard |
| Appeared in: |
International economic journal |
| Paging: | Volume 5 (1991) nr. 4 pages 1-16 |
| Year: |
1991 |
| Contents: |
Uncovered interest rate parity (UIP) severely constrains the ability of monetary policy to achieve domestic stabilization goals. In a model which does not include an imported imput, control of a wage indexation parameter enhances the effectiveness of monetary policy considerably. Here, wage indexation is shown to be less effective when used with monetary policy in a framework that does include an imported intermediate goods. Monetary policy effectiveness is, however, significantly enhanced by incorporating an interest-equalization tax stabilizer into the framework. [E52] |
| Publisher: |
Routledge |
| Source file: |
Elektronische Wetenschappelijke Tijdschriften |
Details for article 3 of 7 found articles
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