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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Detaylı Bibliyografya
Yazar: Ostry, Jonathan
Diğer Yazarlar: Montiel, Peter
Materyal Türü: Dergi
Dil:English
Baskı/Yayın Bilgisi: Washington, D.C. : International Monetary Fund, 1992.
Seri Bilgileri:IMF Working Papers; Working Paper ; No. 1992/075
Online Erişim:Full text available on IMF