Optimal monetary policy in open versus closed economies: An integrated approach

American Economic Review

Volumn 91, Issue 2, 2001, Pages 248-252

  Clarida, Richard ^a   Galí, Jordi ^b   Gertler, Mark ^b  

^a Och Spine at New York Presbyterian Hospitals   (United States)

^b NEW YORK UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0000752458     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.91.2.248     Document Type: Article

References (9)

1. Aoki, Kosuki. "Optimal Monetary Policy Response to Relative Price Changes." Mimeo, Princeton University, 1999.
2. Benigno, Gianluca and Benigno, Pierpaolo. øPrice Stability as a Nash Equilibrium in Monetary Open Economy Models.ø Mimeo, New York University, 2000.
3. Calvo, Guillermo. "Staggered Prices in a Utility Maximizing Framework." Journal of Monetary Economics, September 1983, 12(3), pp. 383-98.
4. Clarida, Richard; Galí, Jordi and Gertler, Mark. "The Science of Monetary Policy: A New Keynesian Perspective." Journal of Economic Literature, December 1999, 37(4), pp. 1661-1707.
5. Corsetti, Giancarlo and Pesenti, Paolo. "Welfare and Macroeconomic Interdependence." Quarterly Journal of Economics, 2001 (forthcoming).
6. Galí, Jordi and Monacelli, Tomasso. "Optimal Monetary Policy and Exchange Rate Volatility in a Small Open Economy." Mimeo, Universitat Pompeu Fabra, Barcelona, Spain, May 2000.
7. Obstfeld, Maurice and Rogoff, Kenneth. "New Perspectives on Open Economy Modeling." Journal of International Economics, February 2000, 50(1), pp. 117-53.
8. Svensson, Lars. "Open Economy Inflation Targeting." Journal of International Economics, February 2000, 50(1), pp. 155-83.
9. Woodford, Michael. "Optimal Monetary Policy Inertia." National Bureau of Economic Research (Cambridge, MA) Working Paper No. 7261, 1999.