A Proposed Monetary Regime for Small Commodity Exporters: Peg the Export Price ('PEP')
نویسندگان
چکیده
منابع مشابه
Commodity Price Responses to Monetary Policy Surprises
Commodity prices are important both as a source of shocks and for the propagation of shocks originating elsewhere in the economy. Many vector autoregression (VAR) studies estimate a gradual response of commodity prices to monetary policy shocks. Exploiting information in high-frequency financial market data, and using the methods of Rigobon and Sack (2004) I find that a 10 basis point surprise ...
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ژورنال
عنوان ژورنال: International Finance
سال: 2003
ISSN: 1367-0271,1468-2362
DOI: 10.1111/1468-2362.00106