Hybrid Inflation Targeting Regimes

Hybrid Inflation Targeting Regimes
This paper uses a DSGE model to examine whether including the exchange rate explicitly in the central bank's policy reaction function can improve macroeconomic performance. It is found that including an element of exchange rate smoothing in the policy reaction function is helpful both for financially robust advanced economies and for financially... READ MORE...

Publication date: October 2009
ISBN 9781451873818
$18.00

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