Monetary policy, interest rate rules, and inflation targeting: some basic equivalences

Monetary policy, interest rate rules, and inflation targeting: some basic equivalences

Monetary policy in small open economies is typically cast as a choice between an exchange rate anchor (fixed or predetermined exchange rates) and a money anchor (floating exchange rates). Under such regimes, the growth rate of the nominal anchor is set according to the desired long-run inflation rat...

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Autor principal: Végh, Carlos
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
Materias:
POLÍTICA MONETARIA
TASAS DE INTERÉS
INFLACIÓN
TIPO DE CAMBIO
Acceso en línea:https://hdl.handle.net/20.500.12580/3631
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spelling oai-20.500.12580-36312021-04-24T10:55:57Z Monetary policy, interest rate rules, and inflation targeting: some basic equivalences Végh, Carlos POLÍTICA MONETARIA TASAS DE INTERÉS INFLACIÓN TIPO DE CAMBIO Monetary policy in small open economies is typically cast as a choice between an exchange rate anchor (fixed or predetermined exchange rates) and a money anchor (floating exchange rates). Under such regimes, the growth rate of the nominal anchor is set according to the desired long-run inflation rate. After undergoing a not necessarily painless adjustment process, the economy would eventually reach the long-run inflation rate. 2019-11-01T00:01:36Z 2019-11-01T00:01:36Z 2002 Artículo 956-7421-110 https://hdl.handle.net/20.500.12580/3631 eng Serieson Central Banking, Analysis, and Economic Policies, no. 2 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 151-182 application/pdf Banco Central de Chile
institution Banco Central
collection Banco Central
language eng
topic POLÍTICA MONETARIA
TASAS DE INTERÉS
INFLACIÓN
TIPO DE CAMBIO
spellingShingle POLÍTICA MONETARIA
TASAS DE INTERÉS
INFLACIÓN
TIPO DE CAMBIO
Végh, Carlos
Monetary policy, interest rate rules, and inflation targeting: some basic equivalences
description Monetary policy in small open economies is typically cast as a choice between an exchange rate anchor (fixed or predetermined exchange rates) and a money anchor (floating exchange rates). Under such regimes, the growth rate of the nominal anchor is set according to the desired long-run inflation rate. After undergoing a not necessarily painless adjustment process, the economy would eventually reach the long-run inflation rate.
format Artículo
author Végh, Carlos
author_facet Végh, Carlos
author_sort Végh, Carlos
title Monetary policy, interest rate rules, and inflation targeting: some basic equivalences
title_short Monetary policy, interest rate rules, and inflation targeting: some basic equivalences
title_full Monetary policy, interest rate rules, and inflation targeting: some basic equivalences
title_fullStr Monetary policy, interest rate rules, and inflation targeting: some basic equivalences
title_full_unstemmed Monetary policy, interest rate rules, and inflation targeting: some basic equivalences
title_sort monetary policy, interest rate rules, and inflation targeting: some basic equivalences
publisher Banco Central de Chile
publishDate 2019
url https://hdl.handle.net/20.500.12580/3631
work_keys_str_mv AT veghcarlos monetarypolicyinterestraterulesandinflationtargetingsomebasicequivalences
_version_ 1718346369680277504

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