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Inflation targeting or exchange rate targeting: Which framework supports the goal of price stability in emerging market economies?
The paper investigates and compares the relationship between inflation and inflation uncertainty under inflation targeting and, alternatively, a conventional fixed exchange rate system, for a group of emerging countries. To do so we estimate GARCH in mean models and we find that there is a bi-direct...
| Autores principales: | , , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Public Library of Science
2018
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| Materias: | |
| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6112634/ https://www.ncbi.nlm.nih.gov/pubmed/30153258 http://dx.doi.org/10.1371/journal.pone.0201798 |