Corsetti, Giancarlo; Kuester, Keith; Müller, Gernot J.; … - 2021
neighboring countries. We exploit the variation of the exchange rate regime across time and countries to assess whether the regime … to headline consumer price inflation. However, it remains puzzling that policy makers are ready to forego stabilization …The notion that flexible exchange rates insulate a country from foreign shocks is well grounded in theory, from the …