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Foreign Exchange Intervention under Policy Uncertainty*

Foreign Exchange Intervention under Policy Uncertainty* »

Source: Foreign Exchange Intervention under Policy Uncertainty

Volume/Issue: 2016/67

Series: IMF Working Papers

Author(s): Gustavo Adler , Ruy Lama , and Juan Pablo Medina Guzman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 March 2016

ISBN: 9781475520415

Keywords: Foreign Exchange Intervention, Monetary Policy, Learning, inflation, central bank, exchange, currency, Open Economy Macroeconomics,

We study the use of foreign exchange (FX) intervention as an additional policy instrument in an environment with learning, where agents infer the central bank policy rules from its policy actions. Under full inform...

Foreign Exchange Intervention under Policy Uncertainty

Foreign Exchange Intervention under Policy Uncertainty »

Volume/Issue: 2016/67

Series: IMF Working Papers

Author(s): Gustavo Adler , Ruy Lama , and Juan Pablo Medina Guzman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 March 2016

DOI: http://dx.doi.org/10.5089/9781475520415.001

ISBN: 9781475520415

Keywords: Foreign Exchange Intervention, Monetary Policy, Learning, inflation, central bank, exchange, currency, Open Economy Macroeconomics,

We study the use of foreign exchange (FX) intervention as an additional policy instrument in an environment with learning, where agents infer the central bank policy rules from its policy actions. Under full inform...

What Measure of Inflation Should a Developing Country Central Bank Target?

What Measure of Inflation Should a Developing Country Central Bank Target? »

Volume/Issue: 2015/205

Series: IMF Working Papers

Author(s): Rahul Anand , Eswar Prasad , and Boyang Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 September 2015

DOI: http://dx.doi.org/10.5089/9781513572574.001

ISBN: 9781513572574

Keywords: monetary policy framework, core inflation, headline inflation, financial frictions, inflation, economies, welfare, Monetary Policy (Targets, Instruments, and Effects),

In closed or open economy models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. We analyze this result in the context of d...

What Measure of Inflation Should a Developing Country Central Bank Target?1

What Measure of Inflation Should a Developing Country Central Bank Target?1 »

Source: What Measure of Inflation Should a Developing Country Central Bank Target?

Volume/Issue: 2015/205

Series: IMF Working Papers

Author(s): Rahul Anand , Eswar Prasad , and Boyang Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 September 2015

ISBN: 9781513572574

Keywords: monetary policy framework, core inflation, headline inflation, financial frictions, inflation, economies, welfare, Monetary Policy (Targets, Instruments, and Effects),

In closed or open economy models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. We analyze this result in the context of d...