, and inflation. The authors develop a framework that emphasizes the different roles of monetary and fiscal policy and apply …

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 tool for influencing activity and inflation, and there is little …

This paper investigates the exchange rate responses to inflation in Bangladesh during the period from 1972-73 to 1999 …. Both annual and monthly data are used in the investigation. The results suggest that past consumer price inflation … effective exchange rate. The effect of inflation on devaluation, however, became weaker following the financial reforms …

, and current account liberalization; and (ii) inflation and various determinants, including lagged inflation, the nominal … and the real exchange rate are significant determinants but not the exchange regime or liberalization; and for inflation …, the lagged inflation rate, nominal exchange rate, and the de facto regime are significant. Exchange rate pass-through is …