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The choice of a monetary instrument in a small open economy: The case of Korea |
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| Authors: | Chul Won Ahn W. Jung |
| Affiliation: | Department of Economics, Vanderbilt University, Nashville, TN 37235, USA |
| Abstract: | Using a small macroeconometric model of Korea, this paper evaluates the correct choice of a monetary instrument (either the money stock or the interest rate), the optimal multiperiod policy, and the value of current information on some monetary varialbles. |
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