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A comparison of some basic monetary policy regimes for open economies: implications of different degrees of instrument adjustment and wage persistence

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Henderson, Dale W.
McKibbin, Warwick J.

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Article provided by Elsevier in its journal Carnegie-Rochester Conference Series on Public Policy.

Volume (Year): 39 (1993)
Issue (Month): 1 (December)
Pages: 221-317
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Handle: RePEc:eee:crcspp:v:39:y:1993:i::p:221-317

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Aizenman, Joshua & Frenkel, Jacob A., 1986. "Targeting rules for monetary policy," Economics Letters, Elsevier, vol. 21(2), pages 183-187. [Downloadable!] (restricted)
    Other versions:
  2. Parkin, Michael, 1978. "A Comparison of Alternative Techniques of Monetary Control under Rational Expectations," The Manchester School of Economic & Social Studies, Blackwell Publishing, vol. 46(3), pages 252-87, September.
  3. Jacob A. Frenkel & Morris Goldstein & Paul R. Masson, 1989. "Simulating the Effects of Some Simple Coordinated versus Uncoordinated Policy," NBER Working Papers 2929, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  4. Henderson, Dale W, 1979. "Financial Policies in Open Economies," American Economic Review, American Economic Association, vol. 69(2), pages 232-39, May. [Downloadable!] (restricted)
  5. Marston, Richard C., 1985. "Stabilization policies in open economies," Handbook of International Economics, in: R. W. Jones & P. B. Kenen (ed.), Handbook of International Economics, edition 1, volume 2, chapter 17, pages 859-916 Elsevier. [Downloadable!] (restricted)
  6. Henderson, Dale W. & McKibbin, Warwick J., 1993. "A comparison of some basic monetary policy regimes for open economies: implications of different degrees of instrument adjustment and wage persistence," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 39(1), pages 221-317, December. [Downloadable!] (restricted)
    Other versions:
  7. Marston, Richard C, 1984. "Real Wages and the Terms of Trade: Alternative Indexation Rules for an Open Economy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 16(3), pages 285-301, August. [Downloadable!] (restricted)
  8. Joshua Aizenman & Jacob A. Frenkel, 1986. "Supply Shocks, Wage Indexation and Monetary Accommodation," NBER Working Papers 1609, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  9. Bean, Charles R, 1983. "Targeting Nominal Income: An Appraisal," Economic Journal, Royal Economic Society, vol. 93(372), pages 806-19, December. [Downloadable!] (restricted)
  10. Richard C. Marston, 1985. "Stabilization Policies in Open Economies," NBER Working Papers 1117, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  11. Matthew B. Canzoneri & Dale W. Henderson, 1991. "Monetary Policy in Interdependent Economies: A Game-Theoretic Approach," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262031787.
  12. Victor E. Argy, 1991. "Nominal Income Targeting - A Critical Evaluation," IMF Working Papers 91/92, International Monetary Fund.
  13. Don E. Roper & Stephen J. Turnovsky, 1980. "Optimal Exchange Market Intervention in a Simple Stochastic Macro Model," Canadian Journal of Economics, Canadian Economics Association, vol. 13(2), pages 296-309, May. [Downloadable!] (restricted)
  14. Boyer, Russell S, 1978. "Optimal Foreign Exchange Market Intervention," Journal of Political Economy, University of Chicago Press, vol. 86(6), pages 1045-55, December. [Downloadable!] (restricted)
  15. Mckibbin, Warwick J. & Sachs, Jeffrey D., 1988. "Comparing the global performance of alternative exchange arrangements," Journal of International Money and Finance, Elsevier, vol. 7(4), pages 387-410. [Downloadable!] (restricted)
  16. Joseph E. Gagnon & Ralph W. Tryon, 1993. "Price and output stability under alternative monetary policy rules," Proceedings, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
  17. James Tobin, 1980. "Stabilization Policy Ten Years After," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 11(1980-1), pages 19-90. [Downloadable!]
  18. Meade, James E, 1978. "The Meaning of "Internal Balance"," Economic Journal, Royal Economic Society, vol. 88(351), pages 423-35, September. [Downloadable!] (restricted)
    Other versions:
  19. Asako, Kazumi & Wagner, Helmut, 1992. "Nominal Income Targeting versus Money Supply Targeting," Scottish Journal of Political Economy, Scottish Economic Society, vol. 39(2), pages 167-87, May.
  20. Taylor, John B, 1980. "Aggregate Dynamics and Staggered Contracts," Journal of Political Economy, University of Chicago Press, vol. 88(1), pages 1-23, February. [Downloadable!] (restricted)
  21. Richard C. Marston, 1984. "Real Wages and the Terms of Trade: Alternative Indexation Rules for an Open Economy," NBER Working Papers 1046, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  22. Joseph E. Gagnon & Dale W. Henderson, 1990. "Nominal interest rate pegging under alternative expectations hypotheses," Proceedings, Board of Governors of the Federal Reserve System (U.S.), pages 438-473.
    Other versions:
  23. William Poole, 1970. "Optimal choice of monetary policy instruments in a simple stochastic macro model," Staff Studies 57, Board of Governors of the Federal Reserve System (U.S.).
    Other versions:
  24. Dale W. Henderson, 1979. "Financial policies in open economies," International Finance Discussion Papers 133, Board of Governors of the Federal Reserve System (U.S.).
  25. Reinhart, Vincent, 1990. "Targeting Nominal Income in a Dynamic Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 22(4), pages 427-43, November. [Downloadable!] (restricted)
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