Optimal monetary policy and the timing of asset trade in open economies

    Research output: Contribution to journalArticlepeer-review

    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. (c) 2006 Elsevier B.V. All rights reserved.

    Original languageEnglish
    Pages (from-to)297-302
    Number of pages6
    JournalEconomics Letters
    Volume95
    Issue number2
    DOIs
    Publication statusPublished - May 2007

    Keywords

    • timing of asset trade
    • monetary policy

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