Real exchange rate targeting

被引：1
|
作者：
Moiseev, Sergey [1 ]
Pantina, Irina [1 ]
机构：
[1] Bank Russia, Moscow, Russia
来源：
VOPROSY EKONOMIKI | 2016年 / 05期
关键词：
real exchange rate targeting; central bank; monetary policy;
D O I：
10.32609/0042-8736-2016-5-44-65
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Developing countries typically exhibit a high degree of macroeconomic variables-instability. This feature is particularly evident as regards the volatility of the real exchange rate. The concern with these destabilizing effects generated-by real exchange rate instability has prompted some developing countries to adopt real exchange rate targeting since the late 60's. However, this policy produces an inflation bias. This paper reviews economic literature on theoretical frameworks and empirical evidences about effects of real exchange rate targeting.
引用
收藏
页码：44 / 65
页数：22
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