A Conceptual Model for the Integrated Policy Framework

A Conceptual Model for the Integrated Policy Framework
In the Mundell-Fleming framework, standard monetary policy and exchange rate flexibility fully insulate economies from shocks. However, that framework abstracts from many real world imperfections, and countries often resort to unconventional policies to cope with shocks, such as COVID-19. This paper develops a model of optimal monetary policy,... READ MORE...

Publication date: July 2020
ISBN 9781513549729
$18.00

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