Intervention Under Inflation Targeting : When Could It Make Sense? /

We investigate the motives inflation-targeting central banks in emerging markets may have for intervening in foreign exchange markets and evaluate the case for such interventions based on the existing literature. Our findings suggest that the rationale for interventions depends on initial conditions...

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Detalhes bibliográficos
Autor principal: Hofman, David
Outros Autores: Chamon, Marcos, Deb, Pragyan, Harjes, Thomas
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2020.
coleção:IMF Working Papers; Working Paper ; No. 2020/009
Acesso em linha:Full text available on IMF