Does exchange rate control improve inflation targeting in emerging economies?

We investigate the role of exchange rates in inflation-targeting emerging economies. We give strong evidence that hybrid inflation-targeting frameworks, where exchange rate is managed, deliver a stronger nominal anchor, as they show better resistance to the 2007–2008 inflation shock.

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Year of publication:	2012
Authors:	Pourroy, Marc
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 116.2012, 3, p. 448-450
Publisher:	Elsevier
Subject:	Monetary policy \| Inflation targeting \| Exchange rate \| 2007–2008 inflation shock

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Type of publication:	Article
Classification:	E31 - Price Level; Inflation; Deflation ; E40 - Money and Interest Rates. General ; E58 - Central Banks and Their Policies ; F31 - Foreign Exchange
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010594193