EconPapers    
Economics at your fingertips  
 

(The Effect of) Monetary and Exchange Rate Policies (on Development)

Eduardo Levy Yeyati () and Federico Sturzenegger

Business School Working Papers from Universidad Torcuato Di Tella

Abstract: To the extent that they exert a critical influence on the macroeconomic environment, monetary and exchange rate policies (MERP) are relevant for development. However, the analytical economic literature often sees nominal variables as being irrelevant for the real economy, while the multiplicity of channels examined by the empirical literature complicates the task of deriving usable policy implications. To tackle this development dimension, we focus on the aspects that we consider more relevant to the policy design from the perspective of a small open economy. Specifically, this chapter attempts to answer the following question: What exchange rate regime and monetary policy framework is more conducive to achieving development policy objectives in a particular country today, and why? We map the direct and indirect links from MERP to key development objectives, and discuss the main findings and how it relates with the empirical evidence to provide an up-to-date perspective of the policy debate and derive criteria for policy choices.

Pages: 74 pages
Date: 2009
New Economics Papers: this item is included in nep-cba and nep-mon
References: Add references at CitEc
Citations: View citations in EconPapers (6) Track citations by RSS feed

Downloads: (external link)
http://www.utdt.edu/download.php?fname=_125017988065914800.pdf (application/pdf)

Related works:
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:udt:wpbsdt:2009-03

Access Statistics for this paper

More papers in Business School Working Papers from Universidad Torcuato Di Tella Contact information at EDIRC.
Bibliographic data for series maintained by Nicolás Del Ponte ().

 
Page updated 2022-09-23
Handle: RePEc:udt:wpbsdt:2009-03