Search Results - subject:"exchange rate channel"

Mongolia; Second Review Under the Stand-By Arrangement and Request for Modification of Performance Criteria

International Monetary Fund (IMF); International … - 2009

This paper discusses key findings of the Second Review Under the Stand-By Arrangement for Mongolia. All end-June performance criteria for the Second Review were met. The authorities have also implemented all but two of the end-June structural benchmarks, albeit with some delay. The creation of a...

Persistent link: https://www.econbiz.de/10011244557

The Role of the Exchange Rate in Inflation-Targeting Emerging Economies; Targeting Emerging Economies

Nordstrom, Anna; Roger, Scott; Stone, Mark R.; Shimizu, … - International Monetary Fund (IMF) - 2009

This paper explores the role of exchange rates in emerging economies with inflation-targeting regimes, an issue that has become especially germane during the current episode of financial turmoil and volatile capital flows. Under inflation targeting, the interest rate is the main monetary policy...

Persistent link: https://www.econbiz.de/10011245907

Hybrid Inflation Targeting Regimes

Garcia, Carlos; Restrepo, Jorge; Roger, Scott - International Monetary Fund (IMF) - 2009

This paper uses a DSGE model to examine whether including the exchange rate explicitly in the central bank's policy reaction function can improve macroeconomic performance. It is found that including an element of exchange rate smoothing in the policy reaction function is helpful both for...

Persistent link: https://www.econbiz.de/10008540934

Does trade integration alter monetary policy transmission?

Cwik, Tobias J.; Müller, Gernot J.; Wolters, Maik H. - 2008

Persistent link: https://www.econbiz.de/10010303676

Does trade integration alter monetary policy transmission?

Cwik, Tobias J.; Müller, Gernot J.; Wolters, Maik H. - Center for Financial Studies - 2008

Persistent link: https://www.econbiz.de/10010986403

Does Trade Integration Alter Monetary Policy Transmission?

Cwik, Tobias J.; Müller, Gernot J.; Wolters, Maik - Center for Financial Studies - 2008

Keynesian model. Allowing for strategic complementarities in price-setting, we highlight a new dimension of the exchange rate … channel by which monetary policy directly impacts domestic inflation. Although the strength of this effect increases with …. Allowing for strategic complementarities in price-setting, we highlight a new dimension of the exchange rate channel by which …

Persistent link: https://www.econbiz.de/10005007627

Empirical testing of exchange rate and interest rate transmission channel in China

Wei, Ching Chun; Chuang, Tzu-Wei - In: The empirical economics letters : a monthly … 13 (2014) 6, pp. 687-697

Persistent link: https://www.econbiz.de/10010520045

The timeless perspective vs. discretion: theory and monetary policy implications for an open economy

Guender, Alfred V. - 2007

This paper proposes an open-economy Phillips Curve that features a real exchange rate channel. The resulting target … level targeting is no longer consistent with optimal policy. If a real exchange rate channel does not exist in the Phillips …

Persistent link: https://www.econbiz.de/10010295866

The Hungarian monetary transmission mechanism: An assessment

Vonnák, Balázs - 2007

monetary policy did exert a measurable influence on real activity and prices. The dominance of the exchange rate channel …

Persistent link: https://www.econbiz.de/10010322431

The timeless perspective vs. discretion: theory and monetary policy implications for an open economy

Guender, Alfred V. - Deutsche Bundesbank - 2007

Persistent link: https://www.econbiz.de/10005083184