Monetary Policy and the Real Exchange Rate

Anthony Makin

Chapter 9 in Global Imbalances, Exchange Rates and Stabilization Policy, 2009, pp 143-162 from Palgrave Macmillan

Abstract: Abstract The conduct and effectiveness of monetary policy has changed markedly over recent decades as capital markets have become more internationally integrated, external imbalances have widened and exchange rates have become more variable. Inflation targeting is also now a primary goal of monetary policy in many advanced and emerging economies. Yet in this financially globalized context, many unresolved questions remain about the nature of the monetary policy transmission mechanism under floating exchange rates.

Keywords: Exchange Rate; Monetary Policy; Central Bank; Real Exchange Rate; Money Supply (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-25075-8_9

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DOI: 10.1057/9780230250758_9

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