Interest Rate Rules for Fixed Exchange Rate Regimes

This paper shows that properly designed interest rate rules can be consistent with maintaining exchange rate stability. It sheds light on the relation between interest rate rules, exchange-rate regimes, and determinacy of the rational expectations equilibrium in a modern macroeconomic framework.

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Year of publication:	2000-03-13
Authors:	Ghironi, Fabio ; Benigno, Gianluca ; Benigno, Pierpaolo
Institutions:	Department of Economics, Boston College
Subject:	Fixed exchange rates \| Interest rate rules

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Extent:	application/pdf
Series:	Boston College Working Papers in Economics.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Boston College Working Papers in Economics Number 468 11 pages
Classification:	F31 - Foreign Exchange ; F33 - International Monetary Arrangements and Institutions ; F41 - Open Economy Macroeconomics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005027860