External Shocks and Inflation in Developing Countries Under a Real Exchange Rate Rule /

This paper shows that the response of inflation to external shocks is very different when the authorities target the real exchange rate than when they follow a fixed exchange rate or a preannounced crawling peg. Specifically, shocks that would have no effect on the steady-state inflation rate under...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Ostry, Jonathan
مؤلفون آخرون: Montiel, Peter
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 1992.
سلاسل:IMF Working Papers; Working Paper ; No. 1992/075
الوصول للمادة أونلاين:Full text available on IMF