Adolfson, Malin (contributor) - 2001 - [Elektronische Ressource]
-through. Implementing monetary policy through an exchange-rate augmented policy rule does not improve social welfare compared to using an … inflation and output, are sub-optimal. -- Exchange rate pass-through ; monetary policy ; simple policy rules ; small open …
(2000) for the EMU countries.
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Another way of measuring the additive value of the exchange rate is to simultaneously …