Multiple Exchange Rates, Fiscal Deficits and Inflation Dynamics:
The paper explores the inflationary implications of exchange rate regime reforms in a small open economy model combining the public finance view of inflation with multiple exchange markets. To account for the experience of many developing countries, the analysis focuses on transitions to multiple of...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
1996
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 96/56 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | The paper explores the inflationary implications of exchange rate regime reforms in a small open economy model combining the public finance view of inflation with multiple exchange markets. To account for the experience of many developing countries, the analysis focuses on transitions to multiple official exchange markets. In those countries, multiple exchange rates were often announced as temporary. The paper shows that the dynamic response of inflation to the reform markedly differ whether the announcement is credible or not. The paper also compares the response of inflation under a fixed crawl of nominal official rates and under the presence of policy rules aimed at reducing the spread between the official and parallel exchange rates |
| Beschreibung: | 1 Online-Ressource (40 p) |
| ISBN: | 145196837X 9781451968378 |
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| index_date | 2024-07-03T20:13:17Z |
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| spelling | Bodart, Vincent Verfasser aut Multiple Exchange Rates, Fiscal Deficits and Inflation Dynamics Bodart, Vincent Washington, D.C International Monetary Fund 1996 1 Online-Ressource (40 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 96/56 The paper explores the inflationary implications of exchange rate regime reforms in a small open economy model combining the public finance view of inflation with multiple exchange markets. To account for the experience of many developing countries, the analysis focuses on transitions to multiple official exchange markets. In those countries, multiple exchange rates were often announced as temporary. The paper shows that the dynamic response of inflation to the reform markedly differ whether the announcement is credible or not. The paper also compares the response of inflation under a fixed crawl of nominal official rates and under the presence of policy rules aimed at reducing the spread between the official and parallel exchange rates Online-Ausg http://elibrary.imf.org/view/IMF001/04800-9781451968378/04800-9781451968378/04800-9781451968378.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Bodart, Vincent Multiple Exchange Rates, Fiscal Deficits and Inflation Dynamics |
| title | Multiple Exchange Rates, Fiscal Deficits and Inflation Dynamics |
| title_auth | Multiple Exchange Rates, Fiscal Deficits and Inflation Dynamics |
| title_exact_search | Multiple Exchange Rates, Fiscal Deficits and Inflation Dynamics |
| title_exact_search_txtP | Multiple Exchange Rates, Fiscal Deficits and Inflation Dynamics |
| title_full | Multiple Exchange Rates, Fiscal Deficits and Inflation Dynamics Bodart, Vincent |
| title_fullStr | Multiple Exchange Rates, Fiscal Deficits and Inflation Dynamics Bodart, Vincent |
| title_full_unstemmed | Multiple Exchange Rates, Fiscal Deficits and Inflation Dynamics Bodart, Vincent |
| title_short | Multiple Exchange Rates, Fiscal Deficits and Inflation Dynamics |
| title_sort | multiple exchange rates fiscal deficits and inflation dynamics |
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