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Modeling sterilized interventions and balance sheet effects of monetary policy in a new-Keynesian framework

We study a wide range of hybrid inflation-targeting (IT) and managed exchange rate regimes, analyzing their implications for inflation, output and the exchange rate in the presence of various domestic and external shocks. To this end, we develop an open economy new-Keynesian model featuring steriliz...

Пълно описание

Автор-организации: International Monetary Fund. Research Department.
Други автори: BenesŒ, Jaromir, 1973-
Формат: Електронен
Език: English
Публикувано: [Washington, D.C.] : International Monetary Fund, ℗♭2013.
Серия: IMF working paper ; WP/13/11.
Предмети:
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