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Chang, Roberto (1)
Subject
MACROECONOMÍA (1)... View More
Date Issued
2019 (1)
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Artículo (1)
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Foreign exchange intervention redux 

Author
Chang, Roberto
Date
Banco Central de Chile, 2019
Subject
MACROECONOMÍA
Arguably no issue in International Macroeconomics exhibits more dissonance between academic research and policy practice than foreign-exchange intervention. The dominant view from academia is that sterilized foreign-exchange (FX) intervention has a tiny if any impact on real variables which makes it ...
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