TY  - BOOK
AU  - Neder,Angel Enrique
AU  - Brinatti,Agostina María
AU  - Almuzara,Martín Ezequiel
TI  - A model about the interaction of the monetary policy in an advanced and an emerging economy
U1  - 332.112 21
PY  - 2011///
CY  - Córdoba, Argentina
PB  - [Universidad Nacional de Córdoba. Facultad de Ciencias Económicas]
KW  - BANCO CENTRAL
KW  - POLITICA MONETARIA
KW  - ESTABILIDAD MONETARIA
KW  - EQUILIBRIO GENERAL
KW  - ECONOMIA ABIERTA
KW  - MODELO DE EQUIILIBRIO GENERAL
N1  - Paper presentado al Arnoldshain Seminar XII "Globalization, development and human capital" September 23 - 26, 2014, University of Valencia and University Jaume I in Villa Real, Spain; Bibliografía: h. 24-25
N2  - In this paper a Dynamic Stochastic General Equilibrium model in the New Keynesian tradition is developed for two open economies, namely: an advanced and an emerging one. A critical distinction between the economies under study rests on the location of financial frictions: while imperfections will affect the domestic credit market in the advanced economy, it is the foreign exhange market that will be subject to frictions in the emerging one. There is also a distinction related to the monetary policy carried out by each Central Bank: the monetary authority in the developed economy directs its policy to monitor the condition of its own financial sector, while the Central Bank in emerging economy focus its efforts on regulating the evolution of external payments and the exchange rate
ER  -