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Monetary policy and exchange rate regime in tourist islands
2020
Tourism Economics
The broad impact of the travel industry on economies has been comprehensively analysed in the tourism literature. Despite this, its consequences for monetary policy have remained unaddressed. This article aims at providing a first approach in this line for the case of three small tourist islands such as Cabo Verde, Mauritius and Seychelles. The research is based on a Bayesian estimation using a dynamic stochastic general equilibrium model (DSGE), and the optimal response to a tourism demand
doi:10.1177/1354816620959496
fatcat:mtvy4ezagfeqdkmreb637stx4a