Optimal monetary policy and the timing of asset trade in open economies


Senay O., Sutherland A.

ECONOMICS LETTERS, vol.95, no.2, pp.297-302, 2007 (Journal Indexed in SSCI) identifier identifier

  • Publication Type: Article / Article
  • Volume: 95 Issue: 2
  • Publication Date: 2007
  • Doi Number: 10.1016/j.econlet.2006.10.024
  • Title of Journal : ECONOMICS LETTERS
  • Page Numbers: pp.297-302

Abstract

This paper analyses the timing of asset trade and its implications for monetary policy and welfare in open economies. Optimal policy is shown to differ significantly depending on whether asset trade takes place before or after policy decisions are made. (c) 2006 Elsevier B.V. All rights reserved.