Monetary policy in emerging markets: Can liability dollarization explain contractionary devaluations?

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Optimal interest rate rules, asset prices, and credit frictions (2005, background): “By combining (16) with (9) we can derive an expression for the real gross lending rate (1+RL t ) Pt as a function of the cuto¤ !t.”
Capital Flows and Financial Stability: Monetary Policy and Macroprudential Responses (2011, unknown): “Table 1 summarizes the parametrization of the model for consumption, production, and monetary policy used in the baseline calibration.20 18The values set in the literature for openness range between 0.25 (Cook, 2004; Elekdag and Tchakarov, 2007) and 0.5 (Gertler et al., 2007).”