A note on stock price dynamics and monetary policy in a small open economy

This note examines the role of stock price stabilization in a small open new Keynesian model. We show that stabilizing stock prices is desirable to attain a unique rational expectations equilibrium and that the open economy effect has a significant impact on the determinacy condition.

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Year of publication:	2024-05-24
Authors:	Ida, Daisuke ; Okano, Mitsuhiro ; Hoshino, Satoshi

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Ida, Daisuke and Okano, Mitsuhiro and Hoshino, Satoshi (2024): A note on stock price dynamics and monetary policy in a small open economy.
Classification:	E52 - Monetary Policy (Targets, Instruments, and Effects) ; E58 - Central Banks and Their Policies ; F41 - Open Economy Macroeconomics
Source:	BASE

Persistent link: https://www.econbiz.de/10015213516