Foreign exchange intervention and the Dutch disease /

We study the optimal foreign exchange (FX) intervention policy in response to a positive terms of trade shock and associated Dutch disease episode in a small open economy model. We find that during a Dutch disease episode tradable production drops below the socially optimal level, resulting in lower...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Faltermeier, Julia (Autor), Lama, Ruy, 1975- (Autor), Medina Guzman, Juan Pablo, 1971- (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, [2017]
Colección:IMF working paper ; WP/17/70.
Temas:
Foreign exchange rates.
Foreign exchange rates > Econometric models.
Monetary policy > Econometric models.
International finance > Econometric models.
Taux de change.
Taux de change > Modèles économétriques.
Politique monétaire > Modèles économétriques.
BUSINESS & ECONOMICS > Finance.
Foreign exchange rates
Foreign exchange rates > Econometric models
International finance > Econometric models
Monetary policy > Econometric models
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