Kuncoro, Haryo - In: Journal of central banking theory and practice 9 (2020) 2, pp. 19-42
Whether or not inflation targeting adoption leads to increased volatility of exchange rates is controversial. The … volatility increases with inflation targeting as a result of the flexible exchange rate regime. Others argue that inflation … targeting delivers the best outcomes in terms of lower exchange rate volatility. The purpose of this paper is to investigate …
