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Author : Peter J. Montiel
Release : 1991
Genre : Developing countries
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Macroeconomic Implications of Real Exchange Rate Targeting in Developing Countries by : Peter J. Montiel
Download or read book Macroeconomic Implications of Real Exchange Rate Targeting in Developing Countries written by Peter J. Montiel. This book was released on 1991. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Peter Montiel
Release : 1993
Genre : Foreign exchange rates
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Real Exchange Rate Targeting in Developing Countries by : Peter Montiel
Download or read book Real Exchange Rate Targeting in Developing Countries written by Peter Montiel. This book was released on 1993. Available in PDF, EPUB and Kindle. Book excerpt:
Author : P. J. Montiel
Release : 1999
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Real Exchange Rate Targeting in Developing Countries by : P. J. Montiel
Download or read book Real Exchange Rate Targeting in Developing Countries written by P. J. Montiel. This book was released on 1999. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Marco Airaudo
Release : 2016-03-08
Genre : Business & Economics
Kind : eBook
Book Rating : 165/5 ( reviews)
Book Synopsis Inflation Targeting and Exchange Rate Management In Less Developed Countries by : Mr.Marco Airaudo
Download or read book Inflation Targeting and Exchange Rate Management In Less Developed Countries written by Mr.Marco Airaudo. This book was released on 2016-03-08. Available in PDF, EPUB and Kindle. Book excerpt: We analyze coordination of monetary and exchange rate policy in a two-sector model of a small open economy featuring imperfect substitution between domestic and foreign financial assets. Our central finding is that management of the exchange rate greatly enhances the efficacy of inflation targeting. In a flexible exchange rate system, inflation targeting incurs a high risk of indeterminacy where macroeconomic fluctuations can be driven by self-fulfilling expectations. Moreover, small inflation shocks may escalate into much larger increases in inflation ex post. Both problems disappear when the central bank leans heavily against the wind in a managed float.
Author : Peter J. Montiel
Release : 2006
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Macroeconomic Implications of Real Exchange Rate Targeting in Developing Countries by : Peter J. Montiel
Download or read book Macroeconomic Implications of Real Exchange Rate Targeting in Developing Countries written by Peter J. Montiel. This book was released on 2006. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the macroeconomic effects of a variety of exogenous and policy-induced real disturbances when the authorities target the level of the real exchange rate. It first discusses the implications particularly for inflation and the current account of targeting the rate at an quot;overdepreciatedquot; level. The paper then examines the dynamic response of both output and inflation to a number of shocks. Further applications of the model, particularly as regards fiscal explanations of inflation, high-inflation plateaus, and money-based stabilization programs, are also considered.
