Since 2014
The Role of the Exchange Rate in Monetary Policy Rule - A Critical Evaluation
The New Zealand Review of Economics and Finance
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| Title |
The Role of the Exchange Rate in Monetary Policy Rule - A Critical Evaluation
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| Creator |
Bristow, Alan
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| Description |
In this essay, I examine the issues around the inclusion of the exchange rate channel into monetary policy rules, and look at how several central banks currently address exchange rates when determining interest rates. I then go onto examining the model used by Taylor in his paper, and discuss issues around this approach and make some suggestions of some desirable features for using the exchange rate channel in a policy rule. I then go on to provide an example of a very general policy rule and briefly discuss how it could be used in setting interest rates.
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| Publisher |
The New Zealand Review of Economics and Finance
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| Date |
2013-05-28
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
https://ojs.victoria.ac.nz/nzref/article/view/1739
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| Source |
The New Zealand Review of Economics and Finance; Vol 2 (2012): New Zealand Review of Economics and Finance
2324-478X 2324-4771 |
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| Language |
eng
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| Relation |
https://ojs.victoria.ac.nz/nzref/article/view/1739/1580
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