|
|
|
|
| LEADER |
01960cas a2200277 a 4500 |
| 001 |
AALejournalIMF021083 |
| 008 |
230101c9999 xx r poo 0 0eng d |
| 020 |
|
|
|c 5.00 USD
|
| 020 |
|
|
|z 9781513549668
|
| 022 |
|
|
|a 1018-5941
|
| 040 |
|
|
|a BD-DhAAL
|c BD-DhAAL
|
| 100 |
1 |
|
|a Adrian, Tobias.
|
| 245 |
1 |
2 |
|a A Quantitative Model for the Integrated Policy Framework /
|c Tobias Adrian, Christopher Erceg, Jesper Linde, Pawel Zabczyk.
|
| 264 |
|
1 |
|a Washington, D.C. :
|b International Monetary Fund,
|c 2020.
|
| 300 |
|
|
|a 1 online resource (56 pages)
|
| 490 |
1 |
|
|a IMF Working Papers
|
| 500 |
|
|
|a <strong>Off-Campus Access:</strong> No User ID or Password Required
|
| 500 |
|
|
|a <strong>On-Campus Access:</strong> No User ID or Password Required
|
| 506 |
|
|
|a Electronic access restricted to authorized BRAC University faculty, staff and students
|
| 520 |
3 |
|
|a Many central banks have relied on a range of policy tools, including foreign exchange intervention (FXI) and capital flow management tools (CFMs), to mitigate the effects of volatile capital flows on their economies. We develop an empirically-oriented New Keynesian model to evaluate and quantify how using multiple policy tools can potentially improve monetary policy tradeoffs. Our model embeds nonlinear balance sheet channels and includes a range of empirically-relevant frictions. We show that FXI and CFMs may improve policy tradeoffs under certain conditions, especially for economies with less well-anchored inflation expectations, substantial foreign currency mismatch, and that are more vulnerable to shocks likely to induce capital outflows and exchange rate pressures.
|
| 538 |
|
|
|a Mode of access: Internet
|
| 700 |
1 |
|
|a Erceg, Christopher.
|
| 700 |
1 |
|
|a Linde, Jesper.
|
| 700 |
1 |
|
|a Zabczyk, Pawel.
|
| 830 |
|
0 |
|a IMF Working Papers; Working Paper ;
|v No. 2020/122
|
| 856 |
4 |
0 |
|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2020/122/001.2020.issue-122-en.xml
|z IMF e-Library
|