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|z 9781451844702
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|a 1018-5941
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|a Montiel, Peter.
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|a Macroeconomic Implications of Real Exchange Rate Targeting in Developing Countries /
|c Peter Montiel, Jonathan Ostry.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1991.
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|a 1 online resource (49 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper analyzes the macroeconomic effects of a variety of exogenous and policy-induced real disturbances when the authorities target the level of the real exchange rate. It first discusses the implications--particularly for inflation and the current account--of targeting the rate at an 'overdepreciated' level. The paper then examines the dynamic response of both output and inflation to a number of shocks. Further applications of the model, particularly as regards fiscal explanations of inflation, high-inflation plateaus, and money-based stabilization programs, are also considered.
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|a Mode of access: Internet
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|a Ostry, Jonathan.
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|a IMF Working Papers; Working Paper ;
|v No. 1991/029
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1991/029/001.1991.issue-029-en.xml
|z IMF e-Library
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