Monetary policy, interest rate rules, and inflation targeting: some basic equivalences

dc.contributor.author	Végh, Carlos
dc.date.accessioned	2019-11-01T00:01:36Z
dc.date.available	2019-11-01T00:01:36Z
dc.date.issued	2002
dc.identifier.isbn	956-7421-110
dc.identifier.uri	https://hdl.handle.net/20.500.12580/3631
dc.description	Monetary policy in small open economies is typically cast as a choice between an exchange rate anchor (fixed or predetermined exchange rates) and a money anchor (floating exchange rates). Under such regimes, the growth rate of the nominal anchor is set according to the desired long-run inflation rate. After undergoing a not necessarily painless adjustment process, the economy would eventually reach the long-run inflation rate.
dc.format	.pdf
dc.format.extent	Sección o Parte de un Documento
dc.format.medium	p. 151-182
dc.language.iso	eng
dc.publisher	Banco Central de Chile
dc.relation.ispartof	Serieson Central Banking, Analysis, and Economic Policies, no. 2
dc.rights	Attribution-NonCommercial-NoDerivs 3.0 Chile	*
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/cl/	*
dc.subject	POLÍTICA MONETARIA	es_ES
dc.subject	TASAS DE INTERÉS	es_ES
dc.subject	INFLACIÓN	es_ES
dc.subject	TIPO DE CAMBIO	es_ES
dc.title	Monetary policy, interest rate rules, and inflation targeting: some basic equivalences
dc.type.doc	Artículo
dc.file.name	BCCh-sbc-v02-p151_182

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