Exchange-rate policy and monetary information
نویسندگان
چکیده
منابع مشابه
Monetary Policy, Exchange Rate Flexibility, and Exchange Rate Pass-Through
This paper develops a dynamic general-equilibrium (DGE) model of a small open economy to investigate alternative monetary rules, differing primarily in the degree to which they allow for exchange rate flexibility. A central argument of the paper is that the nature of the trade-off between fixed and floating exchange rates may be quite different in mature industrial economies than in emerging-ma...
متن کاملMonetary and Exchange Rate Policy in Multisectorial Economies
We develop a two-sector economy where each sector is classified as classical/Keynesian (contract/noncontract) in the labor market and traded/nontraded in the product market. We consider the effects of changes in monetary and exchange rate policy on sectoral and aggregate prices and outputs for different sectoral characterizations. Duca (1987) shows that nominal wage rigidity facilitates the eff...
متن کاملMonetary policy and the exchange rate in Brazil∗
This note presents evidence that higher interest rates may render a country’s currency less attractive. Using data from the dates surrounding the monetary policy committee meetings in Brazil and the methodology of identification through heteroskedasticity we find that unexpected increases in interest rates caused the Brazilian currency to depreciate during the 2000-2006 period.
متن کاملMonetary Policy under Exchange- Rate Flexibility and Discussion
The continuing depreciation of the dollar stands out as one of the big policy issues, it has started to impinge on U.S. monetary policy; it influences the chances for international commercial diplomacy, and it is enhancing the move toward European monetary integration. Above all it leaves most observers with a puzzle as to the causes of the ongoing depreciation. This paper will, of course, not ...
متن کاملMonetary Policy, Wealth Effects, and Exchange Rate Regimes
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ژورنال
عنوان ژورنال: Journal of International Money and Finance
سال: 1983
ISSN: 0261-5606
DOI: 10.1016/s0261-5606(83)80007-2