|
|
|
|
| LEADER |
02333nmm a2200529 u 4500 |
| 001 |
EB000930604 |
| 003 |
EBX01000000000000000724200 |
| 005 |
00000000000000.0 |
| 007 |
cr||||||||||||||||||||| |
| 008 |
150128 ||| eng |
| 020 |
|
|
|a 9781451873818
|
| 100 |
1 |
|
|a Garcia, Carlos
|
| 245 |
0 |
0 |
|a Hybrid Inflation Targeting Regimes
|c Carlos Garcia, Jorge Restrepo, Scott Roger
|
| 260 |
|
|
|a Washington, D.C.
|b International Monetary Fund
|c 2009
|
| 300 |
|
|
|a 57 pages
|
| 651 |
|
4 |
|a Singapore
|
| 653 |
|
|
|a Inflation
|
| 653 |
|
|
|a Investment
|
| 653 |
|
|
|a Return on investment
|
| 653 |
|
|
|a Monetary economics
|
| 653 |
|
|
|a Inflation targeting
|
| 653 |
|
|
|a Deflation
|
| 653 |
|
|
|a Currency
|
| 653 |
|
|
|a Intangible Capital
|
| 653 |
|
|
|a Price Level
|
| 653 |
|
|
|a Foreign Exchange
|
| 653 |
|
|
|a Saving and investment
|
| 653 |
|
|
|a Investments: General
|
| 653 |
|
|
|a Prices
|
| 653 |
|
|
|a Macroeconomics
|
| 653 |
|
|
|a Monetary policy
|
| 653 |
|
|
|a Real exchange rates
|
| 653 |
|
|
|a Capacity
|
| 653 |
|
|
|a Exchange rates
|
| 653 |
|
|
|a Capital
|
| 653 |
|
|
|a Monetary Policy
|
| 653 |
|
|
|a Money and Monetary Policy
|
| 653 |
|
|
|a Foreign exchange
|
| 700 |
1 |
|
|a Restrepo, Jorge
|
| 700 |
1 |
|
|a Roger, Scott
|
| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
|
| 989 |
|
|
|b IMF
|a International Monetary Fund
|
| 490 |
0 |
|
|a IMF Working Papers
|
| 028 |
5 |
0 |
|a 10.5089/9781451873818.001
|
| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2009/234/001.2009.issue-234-en.xml?cid=23260-com-dsp-marc
|x Verlag
|3 Volltext
|
| 082 |
0 |
|
|a 330
|
| 520 |
|
|
|a This paper uses a DSGE model to examine whether including the exchange rate explicitly in the central bank's policy reaction function can improve macroeconomic performance. It is found that including an element of exchange rate smoothing in the policy reaction function is helpful both for financially robust advanced economies and for financially vulnerable emerging economies in handling risk premium shocks. As long as the weight placed on exchange rate smoothing is relatively small, the effects on inflation and output volatility in the event of demand and cost-push shocks are minimal. Financially vulnerable emerging economies are especially likely to benefit from some exhange rate smoothing because of the perverse impact of exchange rate movements on activity
|