Monetary policy, determinacy, and learnability in a two-block world economy
By: by James B. Bullard, and Eric Schaling
Contributors: Schaling, Eric, 1962-; Federal Reserve Bank of St. Louis
Series: Working paper -- 2006-038A; Working paper (Federal Reserve Bank of St. Louis : Online) -- 2006-038A.
Publisher: Federal Reserve Bank of St. Louis
Published: 2006
Place of publication: St. Louis, Mo.]
Language: eng
Format: [electronic resource] /
Description: "We study how determinacy and learnability of worldwide rational expectations equilibrium may be affected by monetary policy in a simple, two country, New Keynesian framework under both fixed and flexible exchange rates.  We find that open economy considerations may alter conditions for determinacy and learnability relative to closed economy analyses, and that new concerns can arise in the analysis of classic topics such as the desirability of exchange rate targeting and monetary policy cooperation"--Federal Reserve Bank of St. Louis web site.
Notes: Title from PDF file as viewed on 6/1/2006.

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.