Identifying the effects of simultaneous monetary policy shocks : fear of floating under inflation targeting

Many central banks, particularly in the developing world, aim for exchange rate stability as a macroeconomic goal. However, most are reluctant to relinquish monetary policy autonomy, so they end up operating through both interest rate and foreign exchange

Detalles Bibliográficos
Autor Principal: Villamizar-Villegas, Mauricio
Formato: Documento de trabajo (Working Paper)
Lenguaje:Español (Spanish)
Publicado: Banco de la República 2014
Acceso en línea: