Quantitative Microfounded Model for the Integrated Policy Framework /
We develop a microfounded New Keynesian model to analyze monetary policy and financial stability issues in open economies with financial fragilities and weakly anchored inflation expectations. We show that foreign exchange intervention (FXI) and capital flow management tools (CFMs) can improve monet...
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Main Author: | |
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Other Authors: | , , , , |
Format: | Book |
Language: | English |
Published: |
[S.l.] :
International Monetary Fund,
2021
Washington, D.C. : 2021 |
Series: | IMF Working Papers; Working Paper ;
No. 2021/292 IMF eLibrary |
Subjects: | |
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