Managing macroeconomic fluctuations with flexible exchange rate targeting

DOI10.1016/J.JEDC.2022.104311MaRDI QIDQ2115969zbMATH OpenOpenAlexFDO

Authors Jonas Heipertz, Ilian Mihov, Ana Maria Santacreu

Publication date 15 March 2022

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://files.stlouisfed.org/files/htdocs/wp/2017/2017-028.pdf

zbMATH Keywords

monetary policy ruleswelfareexchange rate managementtime-varying risk premium

Mathematics Subject Classification ID

Game theory, economics, finance, and other social and behavioral sciences (91-XX)

Recommendations

• Price stability and the case for flexible exchange rates
• Monetary Policy and Exchange Rate Volatility in a Small Open Economy
• Monetary policy rules for an open economy
• Friedman redux: restricting monetary policy rules to support flexible exchange rates
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Cites work

• Accuracy of stochastic perturbation methods: The case of asset pricing models
• Interest rate rules for fixed exchange rate regimes
• International liquidity and exchange rate dynamics
• Monetary Policy and Exchange Rate Volatility in a Small Open Economy
• Optimal taxation in an RBC model: A linear-quadratic approach
• Solving dynamic general equilibrium models using a second-order approximation to the policy function
• Time-varying risk, interest rates, and exchange rates in general equilibrium

Cited in

(2)

• Friedman redux: restricting monetary policy rules to support flexible exchange rates
• Price stability and the case for flexible exchange rates

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