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Author
Gourinchas, Pierre-Oliver (1)
Subject
POLÍTICA MONETARIA (1)
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Date Issued
2018 (1)
Document Type
Artículo (1)
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Monetary policy transmission in emerging markets: an application to Chile 

Author
Gourinchas, Pierre-Oliver
Date
Banco Central de Chile, 2018
Subject
POLÍTICA MONETARIA
A critical question for emerging-market policymakers is how to adjust to monetary policy changes in the center. A core tenet of modern macroeconomic theory is that countries should let their exchange rate float when financial conditions abroad change. This allows the nominal and real exchange rates ...
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