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Interest rate rules for fixed exchange rate regimes

By Gianluca Benigno, Pierpaolo Benigno and Fabio Ghironi

Abstract

This paper shows that properly designed interest rate rules can be consistent with maintaining exchange rate stability. It sheds light on the relation between interest rate rules, exchange rate regimes, and determinacy of the rational expectation equilibrium in a modern macroeconomic framewor

Topics: HB Economic Theory
Publisher: Elsevier
Year: 2007
DOI identifier: 10.1016/j.jedc.2006.05.012
OAI identifier: oai:eprints.lse.ac.uk:35636
Provided by: LSE Research Online
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