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• W1532202951 abstract "There seems to be no consensus in the literature with respect to monetary policy strategies in combination with flexible exchange rate regimes. Therefore, this paper determines what the alternative strategies inflation targeting, Taylor rule, monetary conditions index, and managed floating have in common. The fact that all strategies build on reaction functions which use the short-term interest rate as an important or even the single monetary policy instrument allows a generalized reaction function for all strategies to be derived. Future research may use such a generalized reaction function for describing and determining monetary policy in emerging market economies with flexible exchange rate regimes." @default.
• W1532202951 created "2016-06-24" @default.
• W1532202951 creator A5008277635 @default.
• W1532202951 date "2003-06-01" @default.
• W1532202951 modified "2023-09-27" @default.
• W1532202951 title "Comparing Monetary Policy Strategies: Towards a Generalized Reaction Function" @default.
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• W1532202951 hasPublicationYear "2003" @default.
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