| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5099645 | Journal of Economic Dynamics and Control | 2007 | 16 Pages |
Abstract
This paper shows that properly designed interest rate rules can be consistent with maintaining exchange rate stability. It sheds light on the relation between interest rate rules, exchange rate regimes, and determinacy of the rational expectation equilibrium in a modern macroeconomic framework.
Related Topics
Physical Sciences and Engineering
Mathematics
Control and Optimization
Authors
Gianluca Benigno, Pierpaolo Benigno, Fabio Ghironi,