6. Optimal Monetary Policy and the Sources of Local- Currency Price Stability

Chapters in this book

1. Frontmatter i
2. Relation of the Directors to the Work and Publications of the National Bureau of Economic Research vi
3. Contents vii
4. Introduction 1
5. I. Baseline Models for International Monetary Policy Analysis
6. 1. Globalization and Monetary Control 13
7. 2. The Transmission of Domestic Shocks in Open Economies 89
8. 3. International Transmission and Monetary Policy Cooperation 157
9. II. Extending the Baseline Models to Address Policy Issues
10. 4. Current Account Dynamics and Monetary Policy 199
11. 5. Monetary Rules in Emerging Economies with Financial Market Imperfections 251
12. 6. Optimal Monetary Policy and the Sources of Local- Currency Price Stability 319
13. III. Empirical Issues in International Monetary Policy Analysis
14. 7. The Macroeconomic Effects of Oil Price Shocks 373
15. 8. Global Forces and Monetary Policy Effectiveness 429
16. 9. Monetary Policy in Europe versus the United States 489
17. 10. Globalization and Infl ation Dynamics 547
18. IV. General Observations
19. 11. The Effects of Globalization on Inflation, Liquidity, and Monetary Policy 593
20. 12. Globalization and Monetary Policy 609
21. Panel Remarks 625
22. Contributors 639
23. Author Index 643
24. Subject Index 649