Two Targets, Two Instruments: Monetary And Exchange Rate Policies In Emerging Market Economies
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| Google books | books.google.com |
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| Originally published | February 29, 2012 |
| Authors | Jonathan D. Ostry |
| Marcos Chamon | |
| Atish R. Ghosh | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2111616 |
About Two Targets, Two Instruments: Monetary And Exchange Rate Policies In Emerging Market Economies
It is often claimed that inflation targeting (IT), to be successful, needs to include a high degree of exchange rate flexibility, with the policy rate geared to stabilizing inflation and the exchange rate allowed to fluctuate freely. The early adopters of IT were very much of this view. . . .