Ghosh, Atish R.; Gulde, Anne-Marie; Ostry, Jonathan D.; … - 2021
The relevance of the exchange rate regime for macroeconomic performance remains a key issue in international … examine the link between the regime, inflation, and growth. Two sturdy stylized facts emerge. First, inflation is both lower … higher and trade growth somewhat lower under pegged regimes. Pegged regimes are thus characterized by lower inflation but …