المستودع الأكاديمي جامعة المدينة

Comparing Monetary Policy Strategies : Towards a Generalized Reaction Function

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dc.creator Hammermann, Felix
dc.date 2003
dc.date.accessioned 2013-10-16T06:56:20Z
dc.date.available 2013-10-16T06:56:20Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/17692
dc.identifier ppn:366898000
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/17692
dc.description There seems to be no consensus in the literature with respect to monetary policy strategies in combination with flexible exchange rate regimes. Therefore, this paper determines what the alternative strategies inflation targeting, Taylor rule, monetary conditions index, and managed floating have in common. The fact that all strategies build on reaction functions which use the short-term interest rate as an important or even the single monetary policy instrument allows a generalized reaction function for all strategies to be derived. Future research may use such a generalized reaction function for describing and determining monetary policy in emerging market economies with flexible exchange rate regimes.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kieler Arbeitspapiere 1170
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject E42
dc.subject E58
dc.subject E52
dc.subject ddc:330
dc.subject Monetary Policy
dc.subject Inflation Targeting
dc.subject Taylor Rule
dc.subject Monetary Conditions Index
dc.subject Managed Floating
dc.subject Geldpolitik
dc.subject Geldpolitisches Ziel
dc.subject Flexibler Wechselkurs
dc.subject Vergleich
dc.subject Theorie
dc.subject Reaktionsfunktion
dc.title Comparing Monetary Policy Strategies : Towards a Generalized Reaction Function
dc.type doc-type:workingPaper


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