Two Targets, Two Instruments: Monetary and Exchange Rate Policies in Emerging Market Economies

Atish Ghosh (), Jonathan Ostry and Marcos Chamon ()

No 2012/001, IMF Staff Discussion Notes from International Monetary Fund

Abstract: Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues. This Web-only series replaced Staff Position Notes in January 2011.

Keywords: SDN; inflation target; FX intervention; EME central banks; foreign exchange; inflationary bias; Policy response; Monetary Policy; Foreign Exchange Intervention; inflation-targeting EME; IT framework; EME inflation targeters; Exchange rates; Central bank policy rate; Capital inflows; Inflation targeting; Exchange rate policy; Global (search for similar items in EconPapers)
Pages: 25
Date: 2012-02-28
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Citations: View citations in EconPapers (103)

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Journal Article: Two targets, two instruments: Monetary and exchange rate policies in emerging market economies (2016)
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