The simple geometry of transmission and stabilization in closed and open economies
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Author
Contributions
- Pesenti, Paolo A. - Contributor
- National Bureau of Economic Research. - Contributor
Publication
2005 - National Bureau of Economic Research, Cambridge, Mass, Massachusetts
Language
English
Word Count
10,250 words, Guess
Page Count
41 pages
Identifiers
- OCLC Control Number60642894
- Open LibraryOL17626660M
Classifications
- LCCHB1
Description
"This paper provides an introduction to the recent literature on macroeconomic stabilization in closed and open economies. We present a stylized theoretical framework, illustrating its main properties with the help of an intuitive graphical apparatus. Among the issues we discuss are optimal monetary policy and the welfare gains from macroeconomic stabilization, the international transmission of real and monetary shocks and the role of exchange rate pass-through, and the design of optimal exchange rate regimes and monetary coordination among interdependent economies"--Federal Reserve Bank of New York web site.
Subjects
Links
Other Editions
- The simple geometry of transmission and stabilization in closed and open economies
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