Monetary policy in a small open economy with credit goods production /

Monetary policy in a small open economy with credit goods production /

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Bibliographic Details
Author / Creator:	Chan-Lau, Jorge A.
Imprint:	[Washington, D.C.] : International Monetary Fund, Research Department, ©1998.
Description:	1 online resource (19 pages) : illustrations
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/98/153 IMF working paper ; WP/98/153.
Subject:	Monetary policy -- Econometric models. Inflation (Finance) -- Econometric models. Equilibrium (Economics) -- Econometric models. Capital movements -- Econometric models. Capital movements -- Econometric models. Equilibrium (Economics) -- Econometric models. Inflation (Finance) -- Econometric models. Monetary policy -- Econometric models.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12497343

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund. Research Department.
ISBN:	1283569051 9781283569057 145190228X 9781451902280 9781451922448 1451922442 1462342817 9781462342815 1452737088 9781452737089 9786613881502 6613881503
Notes:	Includes bibliographical references (page 19). Restrictions unspecified Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 English. digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
Summary:	High inflation countries experience a dramatic expansion of their financial sector and declining growth rates. This provides indirect evidence that monetary policy does indeed affect the real sector of an economy in the long run, invalidating the classical dichotomy. In stark contrast to these observations, the results obtained from standard monetary models, where the demand for money is based either on cash-in-advance constraints or money in the utility function, usually find that monetary policy has a modest role influencing the long run behavior of the economy.
Other form:	Print version: Chan-Lau, Jorge A. Monetary policy in a small open economy with credit goods production. [Washington, D.C.] : International Monetary Fund, Research Department, ©1998
Standard no.:	10.5089/9781451902280.001

Description
Summary:	High inflation countries experience a dramatic expansion of their financial sector and declining growth rates. This provides indirect evidence that monetary policy does indeed affect the real sector of an economy in the long run, invalidating the classical dichotomy. In stark contrast to these observations, the results obtained from standard monetary models, where the demand for money is based either on cash-in-advance constraints or money in the utility function, usually find that monetary policy has a modest role influencing the long run behavior of the economy.
Physical Description:	1 online resource (19 pages) : illustrations
Format:	Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Bibliography:	Includes bibliographical references (page 19).
ISBN:	1283569051 9781283569057 145190228X 9781451902280 9781451922448 1451922442 1462342817 9781462342815 1452737088 9781452737089 9786613881502 6613881503
ISSN:	2227-8885 ;