%0 Documento de trabajo (Working Paper) %A Villamizar-Villegas, Mauricio %I Banco de la República %D 2014 %G Español (Spanish) %T Identifying the effects of simultaneous monetary policy shocks : fear of floating under inflation targeting %U http://repositorio.banrep.gov.co/handle/20.500.12134/6122 %X 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