Inflation targeting and exchange rate management in less developed countries /
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| Author / Creator: | Airaudo, Marco, author. |
|---|---|
| Imprint: | [Washington, D.C.] : International Monetary Fund, 2016. ©2016 |
| Description: | 1 online resource (65 pages) : illustrations. |
| Language: | English |
| Series: | IMF Working Paper, 1018-5941 ; WP/16/55 IMF working paper ; WP/16/55. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12504816 |
MARC
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| 020 | |z 9781513567433 | ||
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| 049 | |a MAIN | ||
| 050 | 4 | |a HG3881.5.I58 |b W67 No. 16/55eb | |
| 100 | 1 | |a Airaudo, Marco, |e author. |0 http://id.loc.gov/authorities/names/n2006021040 | |
| 245 | 1 | 0 | |a Inflation targeting and exchange rate management in less developed countries / |c prepared by Marco Airaudo, Edward F. Buffie, and Luis-Felipe Zanna. |
| 264 | 1 | |a [Washington, D.C.] : |b International Monetary Fund, |c 2016. | |
| 264 | 4 | |c ©2016 | |
| 300 | |a 1 online resource (65 pages) : |b illustrations. | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF Working Paper, |x 1018-5941 ; |v WP/16/55 | |
| 500 | |a "Research Department, Strategy, Policy, and Review Department, and Institute for Capacity Development." | ||
| 500 | |a "March 2016." | ||
| 504 | |a Includes bibliographical references (pages 57-64). | ||
| 520 | |a We analyze coordination of monetary and exchange rate policy in a two-sector model of a small open economy featuring imperfect substitution between domestic and foreign financial assets. Our central finding is that management of the exchange rate greatly enhances the efficacy of inflation targeting. In a flexible exchange rate system, inflation targeting incurs a high risk of indeterminacy where macroeconomic fluctuations can be driven by self-fulfilling expectations. Moreover, small inflation shocks may escalate into much larger increases in inflation ex post. Both problems disappear when the central bank leans heavily against the wind in a managed float.--Abstract. | ||
| 588 | 0 | |a Online resource; title from pdf title page (IMF.org Web site, viewed March 14, 2016). | |
| 650 | 0 | |a Monetary policy |z Developing countries |x Econometric models. | |
| 650 | 0 | |a Foreign exchange rates |z Developing countries |x Econometric models. | |
| 650 | 0 | |a Inflation targeting |z Developing countries |x Econometric models. | |
| 650 | 7 | |a Foreign exchange rates |x Econometric models. |2 fast |0 (OCoLC)fst00931818 | |
| 650 | 7 | |a Monetary policy |x Econometric models. |2 fast |0 (OCoLC)fst01025234 | |
| 651 | 7 | |a Developing countries. |2 fast |0 (OCoLC)fst01242969 | |
| 655 | 4 | |a Electronic books. | |
| 700 | 1 | |a Buffie, Edward F., |e author. |0 http://id.loc.gov/authorities/names/n00099984 | |
| 700 | 1 | |a Zanna, Luis-Felipe, |e (IMFstaff) |0 http://id.loc.gov/authorities/names/n2004107336 | |
| 710 | 2 | |a International Monetary Fund. |b Research Department, |e issuing body. |0 http://id.loc.gov/authorities/names/n77001219 | |
| 710 | 2 | |a International Monetary Fund. |b Strategy, Policy, and Review Department, |e issuing body. |0 http://id.loc.gov/authorities/names/no2009043117 | |
| 710 | 2 | |a International Monetary Fund. |b Institute for Capacity Development, |e issuing body. |0 http://id.loc.gov/authorities/names/no2012075144 | |
| 776 | 0 | 8 | |i Print Version: |a Airaudo, Marco. |t Inflation Targeting and Exchange Rate Management In Less Developed Countries. |d Washington, D.C. : International Monetary Fund, 2016 |z 9781513567433 |
| 830 | 0 | |a IMF working paper ; |v WP/16/55. |0 http://id.loc.gov/authorities/names/no89010263 | |
| 856 | 4 | 0 | |u http://elibrary.imf.org/view/journals/001/2016/055/001.2016.issue-055-en.xml |y INTERNATIONAL MONETARY FUND |
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| 928 | |t Library of Congress classification |a HG3881.5.I58W67 No. 16/55eb |l Online |c UC-FullText |u http://elibrary.imf.org/view/journals/001/2016/055/001.2016.issue-055-en.xml |z INTERNATIONAL MONETARY FUND |g ebooks |i 12149150 | ||