## Abstract The passβthrough of exchange rate changes into domestic inflation appears to have declined in many countries since the 1980s. We develop a theoretical model that attributes the change in the rate of passβthrough to increased emphasis on inflation stabilization by many central banks. Thi
Exchange rate and monetary policy issues
β Scribed by Richard H. Clarida; Helmut Frisch; Eduard Hochreiter
- Publisher
- John Wiley and Sons
- Year
- 2001
- Tongue
- English
- Weight
- 52 KB
- Volume
- 6
- Category
- Article
- ISSN
- 1076-9307
- DOI
- 10.1002/ijfe.170
No coin nor oath required. For personal study only.
β¦ Synopsis
On 19-20, April 2001 economists and researchers from the ECB and the FED discussed the interaction between monetary policy and exchange rates at a workshop that was jointly organized by Columbia University, the Technical University, Vienna, and the Oesterreichische Nationalbank. Its aim was to provide a balanced view of recent developments in monetary policy and exchange rate issues and to stimulate further research. Highlighting the most important recent innovation in the field of international monetary policy, i.e. the establishment of the ECB and the adoption of the euro by twelve countries, Otmar Issing delivered the keynote speech. The contributions in this issue have been arranged in two broad sections.
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