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Optimal monetary and exchange rate policy in the open economy

In: Optimal Monetary Policy under Uncertainty, Second Edition

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Chapter 5 carries the analysis of previous chapters to the context of open-economy models. The choice of optimal monetary policies is shown to be interdependent with the choice of an exchange rate regime. Models differentiated by the degree of capital mobility, perfect or imperfect, are considered.

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  • ., 2019. "Optimal monetary and exchange rate policy in the open economy," Chapters, in: Optimal Monetary Policy under Uncertainty, Second Edition, chapter 5, pages 77-99, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:16504_5
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    Economics and Finance;

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