Title of article
International reserves and monetary policy
Author/Authors
Avner Bar-Ilan، نويسنده , , Dan Lederman، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2007
Pages
9
From page
170
To page
178
Abstract
We present a model that determines both monetary policy and level of international reserves. Strict monetary policy would build precautionary reserves that allow future monetary policy to better stabilize inflation and output and lower the likelihood of forthcoming financial crisis.
Keywords
International reserves , Drift control
Journal title
Economics Letters
Serial Year
2007
Journal title
Economics Letters
Record number
436343
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