Exchange Rates and Monetary Spillovers

When does the combination of flexible exchange rates and inflation-targeting monetary policy guarantee insulation from global financial conditions? We examine a dynamic global game model of international investment flows where, for some combination of parameters, the unique equilibrium exhibits the...

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Bibliographic details
Main Author: Plantin, Guillaume
Shin, Hyun Song
Format: Paper
Language: English
Place of publication: Bank for International Settlements 2016
Data of publication: 2016
Subjects:
Online Access: available in Bonn?
Database: SciencesPo Open Archive
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