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Showing 1 to 1 of 1 for “"Optimal Targeting Rules"”.
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Essays on International Macroeconomics and Finance
… exchange intervention (FXI) and study their optimality, interactions, and trade-offs in a global economy. A consensus in the small open economy literature is that optimal monetary policy and FXI separately stabilise inflation and the exchange rate. My paper focuses on two features of FXI that …