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I develop a simple general equilibrium model that integrates fed watching with central bank opaqueness. With the … the central bank’s response to intrinsic shocks. In short, opaqueness is the veil that permits the central bank freedom to …
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Inflation targeting has been adopted by many central banks, but not by the U.S. Federal Reserve. Using an estimated New …
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against intervention. Exchange rate regimes explain central bank beliefs about important aspects of intervention, including …
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