Article ID Journal Published Year Pages File Type
5062600 Economics Letters 2007 6 Pages PDF
Abstract

This paper analyses the timing of asset trade and its implications for monetary policy and welfare in open economies. Optimal policy is shown to differ significantly depending on whether asset trade takes place before or after policy decisions are made.

Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Optimal monetary policy and the timing of asset trade in open economies
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