E - Macroeconomics and Monetary Economics - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T10:27:09+00:00A Comparison of Alternative Monetary Policy Regimes in a Small Dynamic Open-Economy Simulation Model
https://www.bankofcanada.ca/1986/04/technical-report-no42/
In this paper, the simulation properties of a small, dynamic, open-economy IS-LM-Aggregate Supply model are examined under a variety of alternative policy rule assumptions. These assumptions include rigid money stock, exchange rate and nominal income targets, as well as less rigid policy rules that recognize information limitations. The model that is used consists of four […]1986-04-13T10:58:00+00:00enA Comparison of Alternative Monetary Policy Regimes in a Small Dynamic Open-Economy Simulation Model1986-04-13Economic modelsMonetary policy frameworkDavid LongworthStephen S. PolozApril 1986EE5E52