Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Empirical Essays in Open Economy Macroeconomics

Empirical Essays in Open Economy Macroeconomics

Darku, Alexander

Paperback

Business General

ISBN10: 3639067401
ISBN13: 9783639067408
Publisher: Blues Kids Of Amer
Published: Aug 11 2008
Pages: 164
Weight: 0.50
Height: 0.35 Width: 6.00 Depth: 9.00
Language: English
This book is comprised of two parts. The first uses data on Canada to determine the role asset price changes should play in the conduct of monetary policy within the inflation targeting and money growth targeting frameworks. The findings indicate that irrespective of the targeting framework, the policy rule that incorporates a response to asset price changes controls inflation better. Contrary to the conventional view, simulation experiments indicate that the money growth targeting policy rule is more efficient in controlling inflation than the inflation targeting policy rule. The second part presents theoretical and econometric analysis of the determinants of current account balances for Ghana. The results point to changes in world real interest rate, exchange rate, and the terms of trade as important determinants of current account. A policy regime analysis shows that the recent implementation of capital liberalization policies in Ghana has enabled Ghanaians to use the international financial market to smooth consumption. The analysis should be useful to graduate students in business schools and economic departments, and any person who is interested in international macroeconomic issues.

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