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CAPITAL CONTROLS, MONETARY POLICY, AND BALANCE SHEETS IN A SMALL OPEN ECONOMY.

We develop a small open economy, New Keynesian model that incorporates a financial accelerator in combination with liability dollarization. Applying a Ramsey‐type analysis, we compare the welfare implications of an optimal monetary policy under flexible exchange rates and an optimal capital control...

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Publicado en:Economic Inquiry Vol. 56; no. 2; pp. 859 - 875
Autores principales: Kitano, Shigeto, Takaku, Kenya
Formato: Artículo
Publicado: Wiley-Blackwell Apr2018
Materias:
Capital movements
Monetary policy
Financial statements
Free trade
Foreign exchange rates
Acceso en línea:Ver este registro en EBSCOhost