Inflation targeting and exchange rate volatility in emerging markets (English)

The paper investigates the relevance of the exchange rate on the reaction function of the central banks of 24 emerging market economies for the period 2000Q1 to 2015Q2. This is done by first employing fixed-effects ordinary least squares and then system generalized method of the moments techniques. Under fixed effects, the exchange rate is found to be an important determinant in the reaction function of emerging market economies. Allowing for the...

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Author

Cabral,Rene;

Carneiro,Francisco Galrao;

Mollick,Andre Varella;
Document Date
2016/06/20
Document Type
Policy Research Working Paper
Report Number
WPS7712
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2016/06/20
Disclosure Status
Disclosed
Doc Name
Inflation targeting and exchange rate volatility in emerging markets
Keywords
Exchange Rates

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Citation

Cabral,Rene; Carneiro,Francisco Galrao; Mollick,Andre Varella.

Inflation targeting and exchange rate volatility in emerging markets (English). Policy Research working paper|no. WPS 7712 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/404741467995904010

Inflation targeting and exchange rate volatility in emerging markets (English)

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