Hidden Bibliographic Details
| Other authors / contributors: | Isard, Peter, author.
International Monetary Fund. Research Department.
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| ISBN: | 145189208X
9781451892086
1281605697
9781281605696
9781451844283
145184428X
1462335942
9781462335947
1452757364
9781452757360
9786613786388
6613786381
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| Notes: | Includes bibliographical references (pages 34-36).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | The paper uses MULTIMOD to examine the implications of uncertain exchange rate pass-through for the conduct of monetary policy. From the policymaker's perspective, uncertainty about exchange rate pass-through implies uncertainty about policy multipliers and the impact of state variables on stabilization objectives. When faced with uncertainty about the strength of exchange rate pass-through, policymakers will make less costly errors by overestimating the strength of pass-through rather than underestimating it. The analysis suggests that pass-through uncertainty of the magnitude considered does not result in efficient policy response coefficients that are smaller than those under certainty.
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| Other form: | Print version: Hunt, Ben, 1958- Some implications for monetary policy of uncertain exchange rate pass-through. [Washington, D.C.] : International Monetary Fund, ©2003
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| Standard no.: | 10.5089/9781451892086.001
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