Cúrdia, Vasco; Finocchiaro, Daria - Sveriges Riksbank - 2010
, explicitly taking into account the monetary regime change in 1993, from exchange rate targeting to inflation targeting. The … significantly affected by the choice of exchange rate regime. A counterfactual experiment that applies the inflation targeting … policy rule on the disturbances from the exchange rate targeting period suggests that such a policy would have led to higher …