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dc.contributor.authorCORSETTI, Giancarlo
dc.contributor.authorPESENTI, Paolo
dc.date.accessioned2006-04-06T10:00:00Z
dc.date.available2006-04-06T10:00:00Z
dc.date.issued2005
dc.identifier.urihttp://hdl.handle.net/1814/4298
dc.description.abstractThis paper provides an introduction to the recent literature on macroeconomic stabilization in closed and open economies. We present a stylized theoretical framework, and illustrate its main properties with the help of an intuitive graphical apparatus. Among the issues we discuss: optimal monetary policy and the welfare gains from macroeconomic stabilization; international transmission of real and monetary shocks and the role of exchange rate pass-through; the design of optimal exchange rate regimes and monetary coordination among interdependent economies.en
dc.language.isoenen
dc.relation.ispartofseriesCEPR Discussion Paperen
dc.relation.ispartofseries5080en
dc.titleThe Simple Geometry of Transmission and Stabilization in Closed and Open Economiesen
dc.typeWorking Paperen
dc.neeo.contributorCORSETTI|Giancarlo|aut|EUI70002
dc.neeo.contributorPESENTI|Paolo|aut|
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