Monetary policy in sudden stop-prone economies (Record no. 525088)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01231nam a22001457a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 240209b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Coulibaly, Louphou |
| 245 ## - TITLE STATEMENT | |
| Title | Monetary policy in sudden stop-prone economies |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication, distribution, etc | American Economic Journal: Macroeconomics |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 15(4), Oct, 2023: p.104-140 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | This paper proposes a parsimonious theory explaining the cyclicality of monetary policy in emerging countries in a model where access to foreign financing depends on the real exchange rate and the government lacks commitment. The discretionary monetary policy is procyclical to mitigate balance sheet effects originating from exchange rate depreciations during sudden stops. Committing to an inflation targeting regime is found to increase social welfare and reduce the frequency of financial crises despite increasing their severity. Finally, the ability to use capital controls induces a less procyclical discretionary monetary policy and delivers higher welfare gains than an inflation targeting regime. – Reproduced https://www.aeaweb.org/articles?id=10.1257/mac.20200201 |
| 773 ## - HOST ITEM ENTRY | |
| Main entry heading | American Economic Journal: Macroeconomics |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) | |
| Subject DIP | MONETARY POLICY |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Item type | Articles |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Permanent location | Current location | Date acquired | Serial Enumeration / chronology | Barcode | Date last seen | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Indian Institute of Public Administration | Indian Institute of Public Administration | 2024-02-09 | 15(4), Oct, 2023: p.104-140 | AR130920 | 2024-02-09 | Articles | |||||
| Indian Institute of Public Administration | Indian Institute of Public Administration | 2024-02-09 | 15(4), Oct, 2023: p.141-176 | AR130921 | 2024-02-09 | Articles |