Borradores de Economia
Número:
835
Publicado:
Clasificación JEL:
E31, E43, E52, E58, F31
Palabras clave:
Central bank intervention, Simultaneous policies, Monetary shocks, Price puzzle

Lo más reciente
Carola Müller, Matias Ossandon Busch, Miguel Sarmiento, Freddy A. Pinzón-Puerto
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Diego Fernando Cuesta-Mora, Gómez-Molina Andrés Camilo
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