Similar Search Results

Monetary Policy in an Equilibrium Portfolio Balance Model

Kumhof, Michael - 2007

Standard theory shows that sterilized foreign exchange interventions do not affect equilibrium prices and quantities …

Persistent link: https://www.econbiz.de/10014400445

On the theory of sterilized foreign exchange intervention

Kumhof, Michael - In: Journal of economic dynamics & control 34 (2010) 8, pp. 1403-1420

Persistent link: https://www.econbiz.de/10008663614

Monetary policy in an equilibrium portfolio balance model

Kumhof, Michael; Nieuwerburgh, Stijn van - 2007

Persistent link: https://www.econbiz.de/10003455041

Monetary policy under an exchange rate anchor

El Hamiani Khatat, Mariam; Buessing-Loercks, Mark; … - 2020

This paper argues that there is scope for monetary policy under an exchange rate anchor, and discusses the related monetary policy design and implementation. It shows that the exchange rate can be used as the main monetary policy instrument while the policy rate can target the exchange rate. An...