Monetary policy rules for convergence to the Euro

Report, Preprint English OPEN
Orlowski, Lucjan T. (2008)
  • Publisher: Center for Social and Economic Research (CASE) Warsaw
  • Subject: E52 | E43 | Taylor rules | F36 | Polen | Ungarn | monetary convergence | Tschechien | monetary convergence, Taylor rules, inflation targeting | Regelbindung versus Diskretion | Währungsunion | Taylor-Regel | inflation targeting | Geldpolitik | Inflationssteuerung
    • jel: jel:E43 | jel:E52 | jel:F36
      ddc: ddc:330

This paper aims to devise a monetary policy instrument rule that is suitable for open economies undergoing monetary convergence to a common currency area. The open-economy convergence-consistent Taylor rule is forward-looking, consistent with monetary framework based on... View more
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