International Policy Coordination and Simple Monetary Policy Rules /
This paper studies the optimal design of monetary policy in an optimizing two-country sticky price model. We suppose that the production sequence of final consumption goods stretches across both countries and is associated with vertical trade. Prices of final consumption goods are sticky in the cons...
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| Format: | Book |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
2006
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| Edition: | 1st ed |
| Series: | IMF Working Papers; Working Paper ;
No. 2006/164 |
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