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- W2337477139 abstract "This paper analyzes the optimal monetary policy problem on the basis of a small open New Keynesian dynamic stochastic general equilibrium (DSGE) model with enforcement constraints, where limited enforcement and limited spanning interact to create an endogenous debt limit. As a result, if there are fiscal policy measures to eliminate steady-state distortions, the inflation targeting regime is optimal even when there are enforcement constraints." @default.
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- W2337477139 date "2016-03-01" @default.
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- W2337477139 title "Optimal Monetary Policy and Limited Enforcement in a Small Open Economy" @default.
- W2337477139 hasPublicationYear "2016" @default.
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