全球智库信息集成服务系统(G2TT): Monetary Rules for Small, Open, Emerging Economies

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w9568
来源ID	Working Paper 9568
	Monetary Rules for Small, Open, Emerging Economies
	Douglas Laxton; Paolo Pesenti
发表日期	2003-03-17
出版年	2003
语种	英语
摘要	This paper develops a variant of the IMF's Global Economic Model (GEM) suitable to analyze macroeconomic dynamics in open economies, and uses it to assess the effectiveness of Taylor rules and Inflation-Forecast-Based (IFB) rules in stabilizing variability in output and inflation. Our findings suggest that a simple IFB rule that does not rely upon any direct estimates of the equilibrium real interest rate and places a relatively high weight on the inflation forecast may perform better in small open economies than conventional Taylor rules.
主题	Econometrics ; Estimation Methods ; Macroeconomics ; Business Cycles
URL	https://www.nber.org/papers/w9568
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/567190
推荐引用方式 GB/T 7714	Douglas Laxton,Paolo Pesenti. Monetary Rules for Small, Open, Emerging Economies. 2003.