Identifying the effects of simultaneous monetary policy shocks : fear of floating under inflation targeting
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Borradores de Economía; No. 835
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2014-08-04
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2014-08-04
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.
Abstract
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
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Esta obra está bajo licencia internacional Creative Commons Reconocimiento-NoComercial 4.0.
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