Policy Frameworks and Strategies for an Open Economy

ECB
By January 13, 2020 10:57

Policy Frameworks and Strategies for an Open Economy

Monetary Policy Frameworks

• International dimension: global shocks; external shocks; external sector as a hedge against domestic shocks; international transmission of monetary policy • Choice of price index; time horizon for inflation target

• Single country view; global view

• International benchmarks; interdependence in framework choices

ECB
By January 13, 2020 10:57

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