Lubis, Alexander; Alexiou, Constantinos; Nellis, Joseph G. - In: Journal of Economic Studies 49 (2021) 6, pp. 960-977
Purpose: This paper examines the impact of using the reserve requirements, combined with foreign exchange (FX) intervention, as key instruments in an inflation-targeting framework. Design/methodology/approach: In the context of a dynamic stochastic general equilibrium (DSGE) framework and using...