Amvik eBook Solutions

This paper compares the monetary policy problem in open economies with that in closed economies. It is found that the monetary policy problems in open and close

United States monetary policy has traditionally been modeled under the assumption that the domestic economy is immune to international factors and exogenous sho

Yes, it makes a lot of sense. This paper studies how to design simple loss functions for central banks, as parsimonious approximations to social welfare. We sho

The integration of market economies is one of the most remarkable features of international economics, which has important implications for macroeconomic perfor