bank intervention on exchange rates. Within a heterogeneous expectations exchange rate model intervention operations are …

bank intervention on exchange rates. Within a heterogeneous expectations exchange rate model intervention operations are …

This paper analyses the impact of central bank interven-tions in the inflation targeting regime. The results of … rate, a central bank may decide to mush instability on the foreign exchange market with foreign exchange interventions …. Namely, through foreign exchange interven-tions, the central bank greatly absorbs the depreciation shock and, consequently …

against intervention. Exchange rate regimes explain central bank beliefs about important aspects of intervention, including …