­
­
­
­

Inventi Impact: International Trade

Articles

  • Inventi:mit/79731/24
    Stability and Instability in the “Alternative Monetary Model” (AMM)
    01-Jul-2024 Research 2024 : July-September
    John Smithin, Eric Kam

    This note clarifies some of the stability issues that arise in the consideration of alternative interest rate rules for monetary policy. The main finding is that a nominal interest rate peg leads to instability in the inflation rate (which can go in either direction) and general economic instability, whereas a real interest rate rule is conducive to stability.

    How to Cite this Article
    Attribution/ CC Compliant Citation: Smithin, John, and Eric Kam. "Stability and Instability in the “Alternative Monetary Model”(AMM)." Theoretical Economics Letters 14.1 (2024): 211-218. https://doi.org/10.4236/tel.2024.141012 http://creativecommons.org/licenses/by/4.0/ Some formatting elements, header, footer, logos, dates and pagination were modified while adapting this article.
    Download Full Text