Benigno, Gianluca, Benigno, Pierpaolo and Ghironi, Fabio (2007) Interest rate rules for fixed exchange rate regimes. Journal of economic dynamics and control, 31 (7). pp. 2196-2211. ISSN 0165-1889
Abstract
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 |
|---|---|
| Official URL: | http://www.elsevier.com/wps/find/homepage.cws_home |
| Additional Information: | © 2007 Elsevier B.V. |
| Uncontrolled Keywords: | fixed exchange rates, interest rate rules |
| Library of Congress subject classification: | H Social Sciences > HB Economic Theory |
| Journal of Economic Literature Classification System: | F - International Economics > F3 - International Finance > F31 - Foreign Exchange F - International Economics > F3 - International Finance > F33 - International Monetary Arrangements and Institutions F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F41 - Open Economy Macroeconomics |
| Sets: | Departments > Economics Collections > Economists Online |
| Rights: | http://www.lse.ac.uk/library/rights/LSERO.htm |
| URL: | http://eprints.lse.ac.uk/35636/ |
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