Monetary policy rules for convergence to the Euro
Orlowski, Lucjan T.
- Publisher: Center for Social and Economic Research (CASE) Warsaw
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
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...