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...
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| Main Author: | |
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| Other Authors: | , |
| Format: | Book |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2009
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| Series: | IMF Working Papers ;
Working Paper No. 09/234 IMF Working Papers; Working Paper ; No. 2009/234 IMF eLibrary |
| Subjects: | |
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