Inflation Targeting and Exchange Rate Management In Less Developed Countries is popular PDF and ePub book, written by Mr.Marco Airaudo in 2016-03-08, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Inflation Targeting and Exchange Rate Management In Less Developed Countries can be Read Online from any device for your convenience.
Inflation Targeting and Exchange Rate Management In Less Developed Countries Book PDF Summary
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. In a flexible exchange rate system, inflation targeting incurs a high risk of indeterminacy where macroeconomic fluctuations can be driven by self-fulfilling expectations. Moreover, small inflation shocks may escalate into much larger increases in inflation ex post. Both problems disappear when the central bank leans heavily against the wind in a managed float.
Detail Book of Inflation Targeting and Exchange Rate Management In Less Developed Countries PDF
- Author : Mr.Marco Airaudo
- Release : 08 March 2016
- Publisher : International Monetary Fund
- ISBN : 9781513567433
- Genre : Business & Economics
- Total Page : 65 pages
- Language : English
- PDF File Size : 9,8 Mb
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