Please use this identifier to cite or link to this item:
https://hdl.handle.net/10316/11741
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Fernando, Alexandre | - |
dc.contributor.author | Pedro, Bação | - |
dc.contributor.author | John, Driffill | - |
dc.date.accessioned | 2009-10-16T10:13:14Z | - |
dc.date.available | 2009-10-16T10:13:14Z | - |
dc.date.issued | 2007 | - |
dc.identifier.citation | Estudos do GEMF. 9 (2007) | en_US |
dc.identifier.uri | https://hdl.handle.net/10316/11741 | - |
dc.description.abstract | We evaluate the macroeconomic performance of different monetary policy rules when there is exchange rate uncertainty. We do this in the context of a non-linear rational expectations model. The exchange rate is allowed to deviate from its fundamental value and the persistence of the deviation is modeled as a Markov switching process. Our results suggest that taking into account the switching nature of the economy is important only in extreme cases. | en_US |
dc.language.iso | eng | en_US |
dc.publisher | FEUC. Grupo de Estudos Monetários e Financeiros | en_US |
dc.rights | openAccess | en_US |
dc.subject | Exchange Rates | en_US |
dc.subject | Monetary Policy | en_US |
dc.subject | Markov Switching | en_US |
dc.title | Optimal monetary policy with a regime-switching exchange rate in a forward-looking model | en_US |
dc.type | workingPaper | en_US |
uc.controloAutoridade | Sim | - |
item.openairecristype | http://purl.org/coar/resource_type/c_18cf | - |
item.openairetype | workingPaper | - |
item.cerifentitytype | Publications | - |
item.grantfulltext | open | - |
item.fulltext | Com Texto completo | - |
item.languageiso639-1 | en | - |
crisitem.author.researchunit | Group for Monetary and Financial Studies | - |
crisitem.author.researchunit | CeBER – Centre for Business and Economics Research | - |
crisitem.author.orcid | 0000-0002-3340-1068 | - |
Appears in Collections: | FEUC- Vários |
Files in This Item:
File | Description | Size | Format | |
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Optimal monetary policy with a regime-switching exchange rate.pdf | 429.84 kB | Adobe PDF | View/Open |
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