Fixed exchange rates are less volatile than floating rates. But the volatility of macroeconomic variables such as money … exchange rate volatility and macroeconomic stability …

We investigate the effects of Central Bank interventions which are designed to smooth exchange rate volatility but are …

inflation and output volatility by replacing its inflation target with a price-level target. This paper studies whether a Taylor … volatility without compromising the goals of inflation and output stability. The results indicate that price-level targeting … would be successful in reducing nominal and real exchange rate volatility in small open economies in the case of supply …

Exchange rates in Latin America display a large volatility, constitute a central element of the policy strategies and … coupled with sudden stops of capitals, may help explaining the higher volatility of real exchange rates in the region …

channels of effectiveness. Respondents disagreed with predominant views on intervention and volatility and common arguments …