Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain - Federal Reserve Bank of San Francisco - 2010
international variables such as exchange rates, global business cycle conditions, or global imbalances beyond their in uence on the … domestic output gap and inflation? Do exchange rate movements have desirable stabilization and allocative properties? Or, on … the contrary, should policymakers curb exchange rate fltuations and be concerned with, and attempt to correct, currency …