Inflation Targeting and Exchange Rate Management In Less Developed Countries /
We analyze coordination of monetary and exchange rate policy in a two-sector model of a small open economy featuring imperfect substitution between domestic and foreign financial assets. Our central finding is that management of the exchange rate greatly enhances the efficacy of inflation targeting....
| Autor principal: | |
|---|---|
| Outros Autores: | , |
| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2016.
|
| coleção: | IMF Working Papers; Working Paper ;
No. 2016/055 |
| Acesso em linha: | Full text available on IMF |