Since 2014
Real Exchange Rate Targets, Nominal Exchange Rate Policies, and Inflation
Economic Analysis Review
View Archive Info| Field | Value | |
| Title |
Real Exchange Rate Targets, Nominal Exchange Rate Policies, and Inflation
Real Exchange Rate Targets, Nominal Exchange Rate Policies, and Inflation |
|
| Creator |
Lizondo, J. Saúl
|
|
| Subject |
—
|
|
| Description |
Thh paper examines the implications of some nominal exchange rate policies aimed or attaining a given real exchange rate target. A policy rule that sets the rate of nominal depreciation as a function of the departures of the real exchange rate from its target level is unable to achieve the target. In contrast, a policv rule that sets the change in the rate of depreciation as a function of those departures may lead the economy to the target, under certain conditions. However, this policy could also lead the economy to a process of accelerating inflation.
Real Exchange Rate Targets, Nominal Exchange Rate Policies, and Inflation |
|
| Publisher |
Universidad Alberto Hurtado - Facultad de Economía y Negocios
|
|
| Contributor |
—
— |
|
| Date |
2010-03-11
|
|
| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
|
| Format |
application/pdf
|
|
| Identifier |
http://www.rae-ear.org/index.php/rae/article/view/234
|
|
| Source |
Revista de Análisis Económico - Economic Analysis Review; Vol 6, No 1 (1991); 5-21
Revista de Análisis Económico – Economic Analysis Review; Vol 6, No 1 (1991); 5-21 0718-8870 0716-5927 |
|
| Language |
eng
|
|
| Relation |
http://www.rae-ear.org/index.php/rae/article/view/234/428
|
|