Related Books
Language: en
Pages: 157
Pages: 157
Type: BOOK - Published: 2020-07-07 - Publisher: International Monetary Fund
In the Mundell-Fleming framework, standard monetary policy and exchange rate flexibility fully insulate economies from shocks. However, that framework abstracts
Language: en
Pages: 99
Pages: 99
Type: BOOK - Published: 2022-01-28 - Publisher: International Monetary Fund
This paper jointly analyzes the optimal conduct of monetary policy, foreign exchange intervention, fiscal policy, macroprudential policy, and capital flow manag
Language: en
Pages: 65
Pages: 65
Type: BOOK - Published: 2023-06-30 - Publisher: International Monetary Fund
We estimate a New Keynesian small open economy model which allows for foreign exchange (FX) market frictions and a potential role for FX interventions for a lar
Language: en
Pages: 54
Pages: 54
Type: BOOK - Published: 2020-10-08 - Publisher: INTERNATIONAL MONETARY FUND
Policymakers often face difficult tradeoffs in pursuing domestic and external stabilization objectives. The paper reflects staff’s work to advance the underst
Language: en
Pages: 127
Pages: 127
Type: BOOK - Published: 2023-03-27 - Publisher: International Monetary Fund
Against the background of a strong economic performance over the last quarter of a century, Peru has been hit by multiple shocks in the last several years. Adeq