Interest Rate Targeting in a Small Open Economy : The Predetermined Exchange Rates Case /

Interest Rate Targeting in a Small Open Economy : The Predetermined Exchange Rates Case /

An important hurdle in analyzing interest rate targeting is that standard models usually lead to price level or inflation rate indeterminacy. This paper develops a simple framework in which such problems do not arise because the bonds whose interest rate is controlled provide liquidity services. Thi...

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Bibliografiske detaljer
Hovedforfatter:	Calvo, Guillermo
Andre forfattere:	Vegh Gramont, Carlos
Format:	Tidsskrift
Sprog:	English
Udgivet:	Washington, D.C. : International Monetary Fund, 1990.
Serier:	IMF Working Papers; Working Paper ; No. 1990/021
Online adgang:	Full text available on IMF

Lignende værker

Money Supply and Interest Rate Policy in a New-Keynesian Framework /
af: Calvo, Guillermo
Udgivet: (1990)

Inflation Targeting and Exchange Rate Rules in an Open Economy /
af: Parrado, Eric
Udgivet: (2004)

Target Zones and Interest Rate Variability /
af: Svensson, Lars
Udgivet: (1990)

Real Interest Rate Targeting : An Example From Brazil /
af: Clifton, Eric
Udgivet: (1990)

Inflation Targeting Lite' in Small Open Economies : The Case of Mauritius.
Udgivet: (2005)

Nominal Exchange Rate Anchoring Under Inflation Inertia /
af: Calvo, Guillermo
Udgivet: (2002)

Exchange-Rate-Based Stabilization under Imperfect Credibility /
af: Calvo, Guillermo
Udgivet: (1991)

An Interest Rate Defense of a Fixed Exchange Rate? /
af: Jeanne, Olivier
Udgivet: (2000)

Targets, Interest Rates, and Household Saving in Urban China /
af: Nabar, Malhar
Udgivet: (2011)

Interest Rate Rules, Endogenous Cycles, and Chaotic Dynamics in Open Economies /
af: Zanna, Luis-Felipe
Udgivet: (2012)

The Role of the Exchange Rate in Inflation-Targeting Emerging Economies /
af: Nordstrom, Anna
Udgivet: (2009)

Interest Rates in Mexico : The Role of Exchange Rate Expectations and International Creditworthiness /
af: Khor, Hoe
Udgivet: (1991)

The Choice of Monetary and Exchange Rate Arrangements for a Small, Open, Low-Income Economy : The Case of Sao Tome and Principe /
af: Wang, Jian-Ye
Udgivet: (2008)

Nominal Exchange Rates and Nominal Interest Rate Differentials /
af: Nadal De Simone, Francisco
Udgivet: (1999)

Targeting the Exchange Rate : Empirical Investigation.
Udgivet: (1990)

Requirements for Using Interest Rates As An Operating Target for Monetary Policy : The Case of Tunisia /
af: Durre, Alain
Udgivet: (2009)

Interest Rate Derivatives
af: Beyna
Udgivet: (2013)

The Interest Rate-Exchange Rate Nexus in the Asian Crisis Countries /
af: Ghosh, Atish
Udgivet: (2000)

The Stabilizing Effect of the ERMon Exchange Rates and Interest Rates : An Empirical Investigation /
af: Artis, Michael
Udgivet: (1993)

Equilibrium in a Non-Interest Open Economy.
Udgivet: (1988)

Targeting the Real Exchange Rate : Theory and Evidence /
af: Vegh Gramont, Carlos
Udgivet: (1994)

The Choice of Exchange Rate Regime and Monetary Target in Highly Dollarized Economies /
af: Borensztein, Eduardo
Udgivet: (2000)

Demographics and Interest Rates in Asia /
af: Arslanalp, Serkan
Udgivet: (2018)

Interest Rate Determination in Lebanon /
af: Poddar, Tushar
Udgivet: (2006)

Taxation, Inflation, and Interest Rates.
Udgivet: (1984)

Interest Rate Liberalization in China /
af: Feyzioglu, Tarhan
Udgivet: (2009)

The Behavior of Real Interest Rates in Exchange-Rate Based Stabilization Programs /
af: Agenor, Pierre-Richard
Udgivet: (1994)

The Impact of Foreign Interest Rateson the Economy : The Role of the Exchange Rate Regime /
af: Di Giovanni, Julian
Udgivet: (2006)

The Term Structure of Interest Rates and Monetary Policy During a Zero-Interest-Rate Period /
af: Nagayasu, Jun
Udgivet: (2003)

Fiscal Policy and Interest Rates : How Sustainable Is The 'New Economy'? /
af: Kumar, Manmohan
Udgivet: (2006)

Exchange Rate Reform and Structural Disturbances in a Dual Exchange Rate Economy.
Udgivet: (1988)

An Empirical Exploration of Exchange Rate Target-Zones /
af: Mathieson, Donald
Udgivet: (1991)

Explicit and Implicit Targets in Open Economies /
af: Sgherri, Silvia
Udgivet: (2005)

Tunisia's Experience with Real Exchange Rate Targeting and the Transition to a Flexible Exchange Rate Regime.
Udgivet: (2002)

Exchange Rate and Foreign Interest Rate Linkages for Sub-Saharan Africa Floaters /
af: Thomas, Alun
Udgivet: (2012)

Interest Rate Liberalization : Some Lessons From Africa /
af: Turtelboom, Bart
Udgivet: (1991)

Foreign Exchange Hedging with Synthetic Options and the Interest Rate Defense of a Fixed Exchange Rate Regime /
af: Garber, Peter
Udgivet: (1994)

Monetary Policy and Exchange Rate Dynamics in a Behavioral Open Economy Model /
af: Kolasa, Marcin
Udgivet: (2022)

Budget Deficits and Interest Rates : A Fresh Perspective /
af: Aisen, Ari
Udgivet: (2008)

The SDR Interest Rate Basket : Proposed Change of the Representative Interest Rate for the Euro and Amendment to Rule T-1(C).
Udgivet: (2014)