Current account and exchange rate behaviour under inflation targeting in a small open economy

A model of a small open economy is used to analyse the behaviour of the current account and the real exchange rate in a regime of inflation targeting a la New Zealand. The steady state and the dynamic behaviour of the economy under various shocks are discussed.

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Year of publication:	1997-07
Authors:	Simone, Francisco Nadal De
Institutions:	Reserve Bank of New Zealand

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Series:	Reserve Bank of New Zealand Discussion Paper Series.
Type of publication:	Book / Working Paper
Notes:	Number G97/4 40 pages long
Classification:	E13 - Neoclassical ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; F41 - Open Economy Macroeconomics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005109778