Adolfson, Malin (contributor) - 2001 - [Elektronische Ressource]
-through. -- Exchange rate pass-through ; inflation targeting ; interest rate inertia ; monetary policy ; small open economy … exchange rate, through Consumer Price Index (CPI) inflation targeting is, however, beneficial. Welfare can, moreover, be … gains from monetary policy inertia. The optimal degree of interest rate smoothing is increasing in the degree of pass …