Interest rate rules for fixed exchange rate regimes
Benigno, G., Benigno, P. & Ghironi, F.
(2007).
Interest rate rules for fixed exchange rate regimes.
Journal of Economic Dynamics and Control,
31(7), 2196-2211.
https://doi.org/10.1016/j.jedc.2006.05.012
This paper shows that properly designed interest rate rules can be consistent with maintaining exchange rate stability. It sheds light on the relation between interest rate rules, exchange rate regimes, and determinacy of the rational expectation equilibrium in a modern macroeconomic framework
| Item Type | Article |
|---|---|
| Copyright holders | © 2007 Elsevier B.V. |
| Departments | LSE > Academic Departments > Economics |
| DOI | 10.1016/j.jedc.2006.05.012 |
| Date Deposited | 14 Apr 2011 |
| URI | https://researchonline.lse.ac.uk/id/eprint/35636 |
Explore Further
- F31 - Foreign Exchange
- F33 - International Monetary Arrangements and Institutions
- F41 - Open Economy Macroeconomics
- http://www.lse.ac.uk/economics/people/faculty/gianluca-benigno.aspx (Author)
- https://www.scopus.com/pages/publications/34248638792 (Scopus publication)
- http://www.elsevier.com/wps/find/homepage.cws_home (Official URL)