Does Exchange Rate Control Improve Inflation Targeting in Emerging Economies?

Marc Pourroy

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: Based on an original de facto classification of the exchange rate regimes, this paper provides strong evidence that hybrid inflation-targeting frameworks, in which the exchange rate is managed, deliver a stronger nominal anchor, as they better resisted the 2007-2008 inflation shock.

Keywords: inflation-targeting; exchange rate; 2007-2008 inflation shock; monetary policy (search for similar items in EconPapers)
Date: 2012
Note: View the original document on HAL open archive server: https://hal.science/hal-02619540v1
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Published in Economics Letters, 2012, 116 (3), pp.448-450. ⟨10.1016/j.econlet.2012.04.036⟩

Downloads: (external link)
https://hal.science/hal-02619540v1/document (application/pdf)

Related works:
Journal Article: Does exchange rate control improve inflation targeting in emerging economies? (2012)
Working Paper: Does Exchange Rate Control Improve Inflation Targeting in Emerging Economies? (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:hal-02619540

DOI: 10.1016/j.econlet.2012.04.036

Access Statistics for this paper

More papers in Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL
Bibliographic data for series maintained by CCSD ().