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Does the exchange rate regime make a difference in inflation performance in developing and emerging countries?: The role of inflation targeting

โœ Scribed by Hiroyuki Yamada


Book ID
119298779
Publisher
Elsevier Science
Year
2013
Tongue
English
Weight
215 KB
Volume
32
Category
Article
ISSN
0261-5606

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This paper examines the relationship between the black market premium and the rate of inflation under a dual exchange rate regime consisting of an official market and a black market. By explicitly specifying the implicit export tax associated with the government budget constraint in a dynamic optimi