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Rise and fall of Mexican Super Peso : heterodox perspective versus orthodoxy

Montiel-Orozco, Laura Lisset - 2024

, highlighting the irrelevance of the orthodox theory and the explanatory capacity of heterodoxy for an emerging economy such as …

Persistent link: https://www.econbiz.de/10015078187

Exchange Rate and Inflation Under Weak Monetary Policy : Turkey Verifies Theory

Gürkaynak, Refet S.; Kısacıkoğlu, Burçin; Lee, … - 2022

For the academic audience, this paper presents the outcome of a well-identified, large change in the monetary policy rule from the lens of a standard New Keynesian model and asks whether the model properly captures the effects. For policymakers, it presents a cautionary tale of the dismal...

Persistent link: https://www.econbiz.de/10014083478

Uncovered interest parity with foreign exchange interventions under exchange rate peg and inflation targeting: The case of Ukraine

Grui, Anton - 2020

Ukraine, which de facto transitioned to inflation targeting with a managed float in 2015 after a long period of pegged …

Persistent link: https://www.econbiz.de/10012429367

Currency substitution theory, a new chanel to enter the exchange rate as the monetary transmission mechanism

Shahraki, Sara; Sabahi, Ahmad; Adeli, Mohammad Hossien … - In: Atlantic review of economics : AROE 2 (2016)

This paper examines whether in analysis of the impact of monetary policy, the exchange rate can play a role along with the interest rate as a transmission mechanism of monetary policy effects on economic variables or not? For this purpose, the general dynamic stochastic equilibrium models were...

Persistent link: https://www.econbiz.de/10011890324

Does the Central Bank of Peru respond to exchange rate movements? : a Bayesian estimation of a new Keynesian DSGE model with FX interventions

Rodriguez, Gabriel; Castillo B., Paul; Hasegawa, Harumi - 2021 - Primera edición

Persistent link: https://www.econbiz.de/10013170569

Central bank intervention in the inflation targeting

Krušković, Borivoje D. - In: Journal of central banking theory and practice 11 (2022) 1, pp. 67-85

This paper analyses the impact of central bank interven-tions in the inflation targeting regime. The results of empirical stud-ies in this paper show if there is a shock of the exchange rate, which would lead to depreciation of the exchange rate, a central bank may decide to mush instability on...

Persistent link: https://www.econbiz.de/10012805926

Exchange rate parities and taylor rule deviations

Anderl, Christina; Caporale, Guglielmo Maria - 2021

This paper investigates the PPP and UIP conditions by taking into account possible nonlinearities as well as the role … follows. First, the nonlinear specification provides much stronger evidence for the PPP and UIP conditions, the estimated … exchange rate from the PPP- and UIP-implied equilibrium. …

Persistent link: https://www.econbiz.de/10012491545

Does the Central Bank of Peru respond to exchange rate movements? : a Bayesian estimation of a New Keynesian DSGE model with FX interventions

Rodriguez, Gabriel; Castillo B., Paul; Hasegawa, Harumi - In: The North American journal of economics and finance : a … 68 (2023), pp. 1-26

Persistent link: https://www.econbiz.de/10014485281

Econometric analysis of the currency crisis as a consequence of inflation targeting

Krušković, Borivoje D. - In: Journal of central banking theory and practice 14 (2025) 1, pp. 43-57

This paper analyzes the unanalized topic in macroeconomic (monetary) politics, which is the emergence of the currency crisis as a consequence of targeting inflation. Many central banks adopted inflation targeting under a pressure from the IMF. Sudden depreciation of exchange rate which results...

Persistent link: https://www.econbiz.de/10015376914

Exchange rate targeting versus inflation targeting : empirical analysis of the impact on employment and economic growth

Krušković, Borivoje - In: Journal of central banking theory and practice 9 (2020) 2, pp. 67-85

This paper analyses the effects of two alternative monetary strategies (exchange rate targeting and inflation targeting) on economic growth and employment. On the panel of 18 countries for the period from 1996 to 2013, I tested the hypothesis that countries in exchange rate targeting have a...

Persistent link: https://www.econbiz.de/10012305750