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Comment on: monetary rules for small, open, emerging economies

Article Abstract:

Some of the difficulties of transforming the largely illustrative new Keynesian models that can provide quantitative input into the policymaking process are discussed. A frame of reference is provided for highlighting the many dimensions on which the Laxton-Pesenti model makes considerable progress.

Author: Erceg, Christopher J.
Publisher: Elsevier B.V.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2003

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The future of monetary aggregates in monetary policy analysis

Article Abstract:

The role of monetary aggregates in modern macroeconomic models of the New Keynesian type is considered. Empirical evidence supports this role for monetary aggregates and enhances the value of money to monetary policy.

Author: Nelson, Edward
Publisher: Elsevier B.V.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2003

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Sticky-price models and the natural rate hypothesis

Article Abstract:

The impact of volatility of interest rates, on monetary reforms, is examined.

Author: Nelson, Edward, Andreas, Javier, Lopez-Salido, J. David
Publisher: Elsevier B.V.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2005
Forecasts, trends, outlooks, Interest Rates, Forecasts and trends, Market trend/market analysis

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Subjects list: Models, United States, Analysis, Monetary policy, Keynesian economics
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