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Optimal Monetary Policy Under Uncertainty pdf download



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Any opinions, findings and conclusions or recomendations expressed in this material are those of the author(s) and … In economics, an optimum currency area (OCA), also known as an optimal currency region (OCR), is a geographical region in which it would maximize economic efficiency to have the entire region share a single currency.. The underlying theory describes the optimal characteristics for the merger of currencies or the creation of a new currency.The theory is used often to argue whether or not a ... Sorceror And Witch In Melanesia Abstract: This paper shows that deviations from long-run price stability are optimal in the presence of price stickiness whenever profit and utility flows are discounted at a different rate. In that case, a monetary authority acting under commitment will choose …

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