Showing 1 - 10 of 203,936
Especially, after the 2000s, many developing countries let exchange rates float and began implementing inflation targeting regimes based on mainly manipulation of expectations and aggregate demand. However, most developing countries implementing inflation targeting regimes experienced...
Persistent link: https://www.econbiz.de/10009789483
Persistent link: https://www.econbiz.de/10011660917
Persistent link: https://www.econbiz.de/10009305629
Persistent link: https://www.econbiz.de/10011964503
Persistent link: https://www.econbiz.de/10002539028
This paper argues that while sources of potential discipline over domestic macro economic policies such as pegged exchange rates, high capital mobility, and IMF policy conditionality are commonly viewed as constraints, it is usually more productive to view them as influencing incentive...
Persistent link: https://www.econbiz.de/10011561843
Persistent link: https://www.econbiz.de/10012154023
Bolivia has achieved noteworthy success over the past 15 years in raising incomes, reducing poverty, and maintaining macroeconomic stability by deploying commodity revenues to finance transfers, public investment, and state-led development, using an exchange rate peg as a policy anchor. However,...
Persistent link: https://www.econbiz.de/10013170086
Central banks with an exchange rate objective set the interest rate in response to what they call "pressure." Instead, existing interest rate rules rely on the exchange rate minus its target. To stay closer to actual policy, we introduce a rule that uses exchange market pressure (EMP), the...
Persistent link: https://www.econbiz.de/10011479735
Persistent link: https://www.econbiz.de/10012485803