Optimal and Conditionallly Optimal Targeting Rules for Small Open Economies

Richard Dennis ()

Working Papers from Australian National University - Department of Economics

Abstract: This paper uses numerical optimisation to uncover optimal policy reaction functions for a stylised small economy model under a number of targeting regimes. These policy reaction functions are presented as feedback relationships making evident the dominant state variables in the rule.

Keywords: GOVERNMENT POLICY; MACROECONOMICS; PROJECTIONS; MONETARY POLICY (search for similar items in EconPapers)
JEL-codes: E47 E52 (search for similar items in EconPapers)
Date: 1999
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Persistent link: http://EconPapers.repec.org/RePEc:fth:aunaec:362

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