Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/7075| Título: | Optimal monetary policy with a regime-switching exchange rate in a forward-looking model |
| Autor(es): | Alexandre, Fernando Bação, Pedro Driffill, John |
| Palavras-chave: | Exchange rates Monetary policy Markov switching |
| Data: | 2007 |
| Editora: | Society for Computational Economics |
| Citação: | INTERNATIONAL CONFERENCE ON COMPUTING IN ECONOMICS AND FINANCE (CEF 2007), 13, Montreal, Canadá, 2007 – “International Conference on Computing in Economics and Finance : proceedings”. [S.l.] : Society for Computational Economics, [2007?]. |
| Resumo(s): | We evaluate the macroeconomic performance of di¤erent 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 modelled as a Markov switching process. Our results suggest that taking into account the switching nature of the economy is important only in extreme cases. |
| Tipo: | Artigo em ata de conferência |
| URI: | https://hdl.handle.net/1822/7075 |
| Versão da editora: | http://web.hec.ca/CEF2007/ |
| Arbitragem científica: | yes |
| Acesso: | Acesso aberto |
| Aparece nas coleções: | NIPE - Comunicações a Conferências |
Ficheiros deste registo:
| Ficheiro | Descrição | Tamanho | Formato | |
|---|---|---|---|---|
| Alexandre_Bacao_Driffil_2007_ICCEF.pdf | Documento principal | 146,45 kB | Adobe PDF | Ver/Abrir |
