Interest rate rules for fixed exchange rate regimes

Journal of Economic Dynamics and Control

Volumn 31, Issue 7, 2007, Pages 2196-2211

  Benigno, Gianluca ^a,d   Benigno, Pierpaolo ^b,d,e   Ghironi, Fabio ^c,e,f  

^a LONDON SCHOOL OF ECONOMICS   (United Kingdom)

^b NEW YORK UNIVERSITY   (United States)

^c BOSTON COLLEGE   (United States)

^d CEPR   (United Kingdom)

^e NATIONAL BUREAU OF ECONOMIC RESEARCH   (United States)

^f Euro Area Business Cycle Network   (Belgium)

Author keywords

Fixed exchange rates; Interest rate rules

Indexed keywords

EID: 34248638792     PISSN: 01651889     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jedc.2006.05.012     Document Type: Article

References (11)

1. Carlstrom C.T., and Fuerst T.S. Timing and real indeterminacy in monetary models. Journal of Monetary Economics 47 (2001) 285-298
2. Kareken J., and Wallace N. On the indeterminacy of equilibrium exchange rates. Quarterly Journal of Economics 96 (1981) 107-122
3. Krugman P. A model of balance of payments crises. Journal of Money, Credit, and Banking 11 (1979) 311-325
4. Ljungqvist L., and Sargent T.J. Recursive Macroeconomic Theory. second ed. (2004), MIT Press, Cambridge, MA
5. Obstfeld M. The logic of currency crises. Cahiers Economiques et Monétaires vol. 43 (1994), Banque de France, Paris
6. Obstfeld M., and Rogoff K. Speculative hyperinflations in maximizing models: can we rule them out?. Journal of Political Economy 91 (1983) 675-687
7. Obstfeld M., and Rogoff K. Foundations of International Macroeconomics (1996), MIT Press, Cambridge, MA
8. Sargent T.J., and Wallace N. 'Rational' expectations, the optimal monetary instrument, and the optimal money supply rule. Journal of Political Economy 83 (1975) 241-254
9. Taylor J.B. Macroeconomic Policy in a World Economy: From Econometric Design to Practical Operation (1994), W. W. Norton, New York
10. Wieland V. Monetary policy targets and the stabilization objective: a source of tension in the EMS. Journal of International Money and Finance 15 (1996) 95-116
11. Woodford M. Interest and Prices: Foundations of a Theory of Monetary Policy (2003), Princeton University Press, Princeton, NJ