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Optimal Monetary Policy in an Estimated Local Currency Pricing Model - MaRDI portal

Optimal Monetary Policy in an Estimated Local Currency Pricing Model

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DOI10.1108/S0731-9053(2012)0000028005zbMath1452.91210OpenAlexW1545198493MaRDI QIDQ5133560

Eiji Okano, Hiroshi Gunji, Tomomi Miyazaki, Masataka Eguchi

Publication date: 10 November 2020

Published in: DSGE Models in Macroeconomics: Estimation, Evaluation, and New Developments (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1108/s0731-9053(2012)0000028005

zbMATH Keywords

Bayesian estimation optimal monetary policy fixed exchange rate local currency pricing CPI inflation

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Macroeconomic theory (monetary models, models of taxation) (91B64) Dynamic stochastic general equilibrium theory (91B51)

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Optimal fiscal substitutes for the exchange rate in monetary unions

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