The Role of Financial Market Structure and the Trade Elasticity for Monetary Policy in Open Economies

Material TypeArticleLanguageEnglish
TitleThe Role of Financial Market Structure and the Trade Elasticity for Monetary Policy in Open Economies Author(S)KATRIN RABITSCH (Author)
Abstract  Imperfect international risk sharing and exchange rate volatility matter for how monetary policy should optimally be conducted in an open economy through affecting policymakers’ terms of trade considerations. I study these motives for a classical and long-standing question in international monetary economics: the size of potential gains from international policy coordination ...Paginationp603–629
SubjectEconomicsDescriptorsEconomics
Journal TitleJournal of Money, Credit, and Banking  
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