Series: IMF Working Papers
Author(s): Gustavo Adler , Ruy Lama , and Juan Pablo Medina Guzman
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 17 March 2016
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...