Hybrid Inflation Targeting Regimes - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Hybrid Inflation Targeting Regimes write by Jorge Restrepo. This book was released on 2009-10-01. Hybrid Inflation Targeting Regimes available in PDF, EPUB and Kindle. 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.
Hybrid Inflation Targeting Regimes
Hybrid Inflation Targeting Regimes - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Hybrid Inflation Targeting Regimes write by Carlos Garcia. This book was released on 2009. Hybrid Inflation Targeting Regimes available in PDF, EPUB and Kindle. 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.
IMF Working Papers
IMF Working Papers - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook IMF Working Papers write by Jorge Restrepo. This book was released on 2009. IMF Working Papers available in PDF, EPUB and Kindle.
Inflation Targeting Regimes
Inflation Targeting Regimes - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Inflation Targeting Regimes write by Alina Carare. This book was released on 2003. Inflation Targeting Regimes available in PDF, EPUB and Kindle.
The Inflation-Targeting Debate
The Inflation-Targeting Debate - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Inflation-Targeting Debate write by Ben S. Bernanke. This book was released on 2007-11-01. The Inflation-Targeting Debate available in PDF, EPUB and Kindle. Over the past fifteen years, a significant number of industrialized and middle-income countries have adopted inflation targeting as a framework for monetary policymaking. As the name suggests, in such inflation-targeting regimes, the central bank is responsible for achieving a publicly announced target for the inflation rate. While the objective of controlling inflation enjoys wide support among both academic experts and policymakers, and while the countries that have followed this model have generally experienced good macroeconomic outcomes, many important questions about inflation targeting remain. In Inflation Targeting, a distinguished group of contributors explores the many underexamined dimensions of inflation targeting—its potential, its successes, and its limitations—from both a theoretical and an empirical standpoint, and for both developed and emerging economies. The volume opens with a discussion of the optimal formulation of inflation-targeting policy and continues with a debate about the desirability of such a model for the United States. The concluding chapters discuss the special problems of inflation targeting in emerging markets, including the Czech Republic, Poland, and Hungary.
