TY  - JOUR
AB  - Purpose– The purpose of this paper is to deal with the dynamics of a Neo‐Keynesian model applied to a small open economy, in order to show the impact of commercial openness on the choice of the optimal inflation target.Design/methodology/approach– The author uses a neo‐Keynesian model with calibration for Chile.Findings– The results show that there is a relation between the degree of openness and the type of inflation targeting policy.Originality/value– The originality of the paper is to use a neo‐Keynesian model to deal with a small open economy, which uses inflation targeting as a monetary rule.
VL  - 4
IS  - 3
SN  - 1757-6385
DO  - 10.1108/17576381211245962
UR  - https://doi.org/10.1108/17576381211245962
AU  - Bousrih Jihene
PY  - 2012
Y1  - 2012/01/01
TI  - Degree of openness and inflation targeting policy: model of a small open economy
T2  - Journal of Financial Economic Policy
PB  - Emerald Group Publishing Limited
SP  - 232
EP  - 246
Y2  - 2024/04/18
ER  -