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author = "Driffill, John" > : "Universidade do Minho. Núcleo de Investigação em Políticas Económicas" (x)
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Found 2 documents, displaying page 1 of 1

Inflation targeting and exchange rate co-ordination

Author(s) : Alexandre, Fernando , Driffill, John , Spagnolo, Fabio
Description : In a linear rational expectations two-country model, using an aggregate demand-aggregate supply framework, we analyze the effects of the adoption of an inflation targeting regime on exchange rate volatility and the possible scope for policy coordination. This analysis is conducted using optimized in...
Repository : RepositóriUM - University of Minho Institutional Repository
Language(s) : English

Optimal monetary policy with a regime-switching exchange rate in a forward-looking model

Author(s) : Alexandre, Fernando , Bação, Pedro , Driffill, John
Description : We evaluate the macroeconomic performance of different monetary policy rules when there is exchange rate uncertainty. We do this in the context of a non-linear rational expectations model. The exchange rate is allowed to deviate from its fundamental value and the persistence of the deviation is mode...
Repository : RepositóriUM - University of Minho Institutional Repository
Language(s) : English
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Found 2 documents, displaying page 1 of 1