Purpose - In this study, it is analyzed the validity of the exchange rate pass-through (ERPT) effect and the effect of …, especially in terms of inflation. Therefore, the central bank of these countries should maintain exchange-rate stability to …-rate (NIR), exchange-rate (FER) and output level (IPI) on general level of prices. Besides, it is analyzed that whether …

, implicitly, both models reaffirm the extreme neutrality of money and the exchange rate in both the short and the long runs. In … contrast, we analyze the post-Keynesian exchange rate model proposed by John T. Harvey (2009). In addition, we rely on the … relevance of capital flows for the determination of the exchange rate and its implications for economic growth and prices by Jan …

investigate the interaction between macroprudential policy, dollarisation, and various exchange rate regimes, examining their … credit growth within a quarter of implementation, though this is not evident in the case of soft peg exchange rate regimes … alternative exchange rate regimes. …

rate regime and the relevance of a flexible exchange rate regime, as well as the ultimate effect of that choice upon the …-of-payments constraint is often underestimated. Vernengo and Pérez's criticism fails to consider that exchange-rate flexibility makes it …For Matías Vernengo and Esteban Pérez Caldentey (2020), the MMT literature overemphasizes the choice of the exchange …