Interest rate rules for fixed exchange rate regimes

This paper shows that properly designed interest rate rules can be consistent withmaintaining exchange rate stability. It sheds light on the relation between interest rate rules,exchange rate regimes, and determinacy of the rational expectation equilibrium in a modernmacroeconomic framework.[...]

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Year of publication:	2006-09-01
Authors:	Benigno, Gianluca ; Benigno, Pierpaolo ; Ghironi, Fabio
Institutions:	London School of Economics and Political Science
Published in:	London School of Economics and Political Science - Publications Journal of Economic Dynamics & Control, 31 (2007) 2196–2211
Subject:	Stabilität \| Geldpolitik \| Wechselkurs \| Gleichgewicht

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Extent:	227328 bytes 16 p. application/pdf
Type of publication:	Article
Language:	English
Classification:	F31 - Foreign Exchange ; F33 - International Monetary Arrangements and Institutions ; F41 - Open Economy Macroeconomics ; Specific management methods ; Financial theory ; Market research ; Individual Articles ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10009138473