The simple geometry of transmission and stabilization in closed and open economies
by Giancarlo Corsetti
"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.
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The simple geometry of transmission and stabilization in closed and open economies
2005, National Bureau of Economic Research
in English
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The simple geometry of transmission and stabilization in closed and open economies
2005, Federal Reserve Bank of New York
Electronic resource
in English
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Book Details
Edition Notes
Includes bibliographical references.
Title from PDF file as viewed on 5/6/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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