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Learning About Inflation Measures for Interest Rate Rules

Empirical evidence suggests that goods are highly heterogeneous with respect to the degree of price...

Interest Rate Rules, Endogenous Cycles, and Chaotic Dynamics in Open Economies

We present an extensive analysis of the consequences for global equilibrium determinacy in...

On the First-Round Effects of International Food Price Shocks: the Role of the Asset Market Structure

We develop a tractable small open-economy model to study the first-round effects of international...

On the First-Round Effects of International Food Price Shocks: the Role of the Asset Market Structure

We develop a tractable small open-economy model to study the first-round effects of international...

Policy Responses to Aid Surges in Countries with Limited International Capital Mobility: The Role of the Exchange Rate Regime

We study the role of the exchange rate regime, reserve accumulation, and sterilization policies...

Learning, Monetary Policy and Asset Prices

We explore the stability properties of interest rate rules granting an explicit response to stock...

Learning, Monetary Policy and Asset Prices

We explore the stability properties of interest rate rules granting an explicit response to stock...

Inflation Targeting and Exchange Rate Management In Less Developed Countries

We analyze coordination of monetary and exchange rate policy in a two-sector model of asmall open...

The Short-Run Macroeconomics of Aid Inflows: Understanding the Interaction of Fiscal and Reserve Policy

We develop a tractable open-economy new-Keynesian model with two sectors to analyze the short-term...

The Macroeconomics of Medium-Term Aid Scaling-Up Scenarios

We develop a model to analyze the macroeconomic effects of a scaling-up of aid and assess the...