Exchange Rate Versus Price Level Targets.

Two alternative targets for monetary policy are considered: Stability of the price level (or the rate of inflation) and stability of the exchange rate. The interest rate is regarded as the main instrument of the central bank.

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Year of publication:	1996
Authors:	Rodseth, A.
Institutions:	Økonomisk institutt, Universitetet i Oslo
Subject:	MONETARY POLICY \| INFLATION \| PRICES

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Series:	Memorandum.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Memorandum Number 07/1996 24 pages
Classification:	E5 - Monetary Policy, Central Banking and the Supply of Money and Credit ; F4 - Macroeconomic Aspects of International Trade and Finance ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005652174