Exchange rate targeting in a small open economy

The paper develops a New Keynesian Small Open Economy Model characterized by external habit formation and Calvo price setting with dynamic inflation updating. The model is used to analyze the effect of nominal ex-change rate targeting on optimal policy an

Detalles Bibliográficos
Autor Principal: Bang-Nielsen, Mette Ersbak
Formato: Documento de trabajo (Working Paper)
Lenguaje:Español (Spanish)
Publicado: Banco de la República 2006
Acceso en línea: