Optimal Exchange Rate Targets and Macroeconomic Stabilization.

Exchange rate targets in a stabilization game are considered. The targeting strategy consists on the choice of a desired level for the exchange and the weight assigned to such target in the loss function. The exchange rate target appears then as an intermediate objective and acts as a surrogate to policy coordination.

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Year of publication:	1996
Authors:	Ila, E.A.
Subject:	EXCHANGE RATE \| MACROECONOMICS \| CURRENCIES

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Type of publication:	Book / Working Paper
Notes:	33 pages
Classification:	F30 - International Finance. General ; F31 - Foreign Exchange ; F39 - International Finance. Other
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005774263