Does exchange rate control improve inflation targeting in emerging economies?

被引：10

作者：

Pourroy, Marc ^{[1
]}

机构：

[1] Univ Paris 01, Ctr Econ Sorbonne, F-75647 Paris 13, France

来源：

ECONOMICS LETTERS | 2012年 / 116卷 / 03期

关键词：

Monetary policy; Inflation targeting; Exchange rate; 2007-2008 inflation shock; MONETARY-POLICY; RULES;

D O I：

10.1016/j.econlet.2012.04.036

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We investigate the role of exchange rates in inflation-targeting emerging economies. We give strong evidence that hybrid inflation-targeting frameworks, where exchange rate is managed, deliver a stronger nominal anchor, as they show better resistance to the 2007-2008 inflation shock. (C) 2012 Elsevier B.V. All rights reserved.

引用

页码：448 / 450

页数：3

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