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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP6553 |
DP6553 Optimal Informed Trading in the Foreign Exchange Market | |
Paolo Vitale | |
发表日期 | 2007-11-02 |
出版年 | 2007 |
语种 | 英语 |
摘要 | We compare the duration and performance of different monetary regimes, especially the contrast between countries those that fix exchange rates and those that target inflation. Inflation targeting is a more durable policy; no country has yet been forced to abandon an inflation target, while many have abandoned fixed exchange rates. Indeed, even though inflation targeting began only in 1990, the duration of inflation targeting regimes is at least as long as, or longer than all alternative monetary regimes for comparable countries. Regime duration also matters in monetary policy; older regimes are typically more successful than younger ones in achieving low inflation. |
主题 | International Macroeconomics |
关键词 | Duration Exchange rate targeting Inflation performance Inflation targeting monetary policy Monetary regimes Money |
URL | https://cepr.org/publications/dp6553 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535392 |
推荐引用方式 GB/T 7714 | Paolo Vitale. DP6553 Optimal Informed Trading in the Foreign Exchange Market. 2007. |
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