The competitive real exchange-rate regime, inflation and monetary policy
Includes bibliography
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| Lenguaje: | English |
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2014
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oai-11362-113462020-11-25T22:58:09Z The competitive real exchange-rate regime, inflation and monetary policy Frenkel, Roberto MACROECONOMIA TIPOS DE CAMBIO COMPETITIVIDAD OFERTA Y DEMANDA INFLACION POLITICA MONETARIA MACROECONOMICS FOREIGN EXCHANGE RATES COMPETITIVENESS SUPPLY AND DEMAND INFLATION MONETARY POLICY Includes bibliography This article argues that in a stable and competitive real exchangerate(SCRER); macroeconomic regime, the exchange-rate component candrive up inflation through the very mechanisms that stimulate high rates ofgross domestic product and employment growth; to offset this pressure,fiscal and monetary policies will have to be used to control aggregatedemand. It finds that in an exchange-rate regime of this type, monetarypolicy has a degree of autonomy that can be exploited to apply activemonetary policies. It analyses the degree to which monetary policy canbe used to control aggregate demand and concludes that it cannot bearthe main responsibility for this, which means that fiscal policy ought to bethe main instrument for controlling aggregate demand. 2014-01-02T18:44:49Z 2014-01-02T18:44:49Z 2008-12 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/11346 LC/G.2396-P en CEPAL Review CEPAL Review 96 application/pdf |
| institution |
Cepal |
| collection |
Cepal |
| language |
English |
| topic |
MACROECONOMIA TIPOS DE CAMBIO COMPETITIVIDAD OFERTA Y DEMANDA INFLACION POLITICA MONETARIA MACROECONOMICS FOREIGN EXCHANGE RATES COMPETITIVENESS SUPPLY AND DEMAND INFLATION MONETARY POLICY |
| spellingShingle |
MACROECONOMIA TIPOS DE CAMBIO COMPETITIVIDAD OFERTA Y DEMANDA INFLACION POLITICA MONETARIA MACROECONOMICS FOREIGN EXCHANGE RATES COMPETITIVENESS SUPPLY AND DEMAND INFLATION MONETARY POLICY Frenkel, Roberto The competitive real exchange-rate regime, inflation and monetary policy |
| description |
Includes bibliography |
| format |
Texto |
| author |
Frenkel, Roberto |
| author_facet |
Frenkel, Roberto |
| author_sort |
Frenkel, Roberto |
| title |
The competitive real exchange-rate regime, inflation and monetary policy |
| title_short |
The competitive real exchange-rate regime, inflation and monetary policy |
| title_full |
The competitive real exchange-rate regime, inflation and monetary policy |
| title_fullStr |
The competitive real exchange-rate regime, inflation and monetary policy |
| title_full_unstemmed |
The competitive real exchange-rate regime, inflation and monetary policy |
| title_sort |
competitive real exchange-rate regime, inflation and monetary policy |
| publishDate |
2014 |
| url |
http://hdl.handle.net/11362/11346 |
| work_keys_str_mv |
AT frenkelroberto thecompetitiverealexchangerateregimeinflationandmonetarypolicy AT frenkelroberto competitiverealexchangerateregimeinflationandmonetarypolicy |
| _version_ |
1718436345027756032 |