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A floating versus managed exchange rate regime in a DSGE model of India
Batini, Nicoletta; Gabriel, Vasco J.; Levine, Paul; Pearlman, JosephWe first develop a two-bloc model of an emerging open economy interacting with the rest of the world calibrated using Indian and US data. The model features a financial accelerator and is suitable for examining the effects of financial stress on the real economy. Three variants of the model are highlighted with increasing degrees of financial frictions. The model is used to compare two monetary interest rate re...
Data: 2010
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Origem: RepositóriUM - Universidade do Minho
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