Does exchange rate control improve inflation targeting in emerging economies?

Marc Pourroy

Economics Letters, 2012, vol. 116, issue 3, 448-450

Abstract: We investigate the role of exchange rates in inflation-targeting emerging economies. We give strong evidence that hybrid inflation-targeting frameworks, where exchange rate is managed, deliver a stronger nominal anchor, as they show better resistance to the 2007–2008 inflation shock.

Keywords: Monetary policy; Inflation targeting; Exchange rate; 2007–2008 inflation shock (search for similar items in EconPapers)
JEL-codes: E31 E40 E58 F31 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (8)

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Related works:
Working Paper: Does Exchange Rate Control Improve Inflation Targeting in Emerging Economies? (2012)
Working Paper: Does Exchange Rate Control Improve Inflation Targeting in Emerging Economies? (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:116:y:2012:i:3:p:448-450

DOI: 10.1016/j.econlet.2012.04.036

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