Optimal and Conditionallly Optimal Targeting Rules for Small Open Economies.

This paper uses numerical optimisation to uncover optimal policy reaction functions for a stylised small economy model under a number of targeting regimes. These policy reaction functions are presented as feedback relationships making evident the dominant state variables in the rule.

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Year of publication:	1999
Authors:	Dennis, R.
Institutions:	Research School of Pacific and Asian Studies, College of Asia and the Pacific
Subject:	GOVERNMENT POLICY \| MACROECONOMICS \| PROJECTIONS \| MONETARY POLICY

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Series:	Australian National University - Department of Economics.
Type of publication:	Book / Working Paper
Notes:	42 pages
Classification:	E47 - Forecasting and Simulation ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005478390