Monetary policy, interest rate rules, and inflation targeting: some basic equivalences

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dc.contributor.authorVégh, Carlos
dc.date.accessioned2019-11-01T00:01:36Z
dc.date.available2019-11-01T00:01:36Z
dc.date.issued2002
dc.descriptionMonetary policy in small open economies is typically cast as a choice between an exchange rate anchor (fixed or predetermined exchange rates) and a money anchor (floating exchange rates). Under such regimes, the growth rate of the nominal anchor is set according to the desired long-run inflation rate. After undergoing a not necessarily painless adjustment process, the economy would eventually reach the long-run inflation rate.
dc.file.nameBCCh-sbc-v02-p151_182
dc.format.pdf
dc.format.extentSección o Parte de un Documento
dc.format.mediump. 151-182
dc.identifier.isbn956-7421-110
dc.identifier.urihttps://hdl.handle.net/20.500.12580/3631
dc.language.isoeng
dc.publisherBanco Central de Chile
dc.relation.ispartofSerieson Central Banking, Analysis, and Economic Policies, no. 2
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
dc.subjectPOLÍTICA MONETARIAes_ES
dc.subjectTASAS DE INTERÉSes_ES
dc.subjectINFLACIÓNes_ES
dc.subjectTIPO DE CAMBIOes_ES
dc.titleMonetary policy, interest rate rules, and inflation targeting: some basic equivalences
dc.type.docArtículo

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