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...
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| Médium: | Časopis |
| Jazyk: | English |
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Washington, D.C. :
International Monetary Fund,
1992.
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| Edice: | IMF Working Papers; Working Paper ;
No. 1992/075 |
| On-line přístup: | Full text available on IMF |