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Price and Monetary Dynamics Under Alternative Exchange Rate Regimes

Price and Monetary Dynamics Under Alternative Exchange Rate Regimes »

Volume/Issue: 1999/67

Series: IMF Working Papers

Author(s): M. Bleaney

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1999

DOI: http://dx.doi.org/10.5089/9781451848885.001

ISBN: 9781451848885

Keywords: Price, exchange rates, money, monetary policy, monetary growth, price inflation, gdp deflator

According to theory, inflation persistence should have less variance across countries under pegged than floating exchange rates, but not necessarily a lower mean. The paper tests this prediction on postwar data for...

Price and Monetary Dynamics Under Alternative Exchange Rate Regimes

Price and Monetary Dynamics Under Alternative Exchange Rate Regimes »

Source: Price and Monetary Dynamics Under Alternative Exchange Rate Regimes

Volume/Issue: 1999/67

Series: IMF Working Papers

Author(s): M. Bleaney

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1999

ISBN: 9781451848885

Keywords: Price, exchange rates, money, monetary policy, monetary growth, price inflation, gdp deflator

According to theory, inflation persistence should have less variance across countries under pegged than floating exchange rates, but not necessarily a lower mean. The paper tests this prediction on postwar data for...