Browsing by Subject "Monetary policy"
Now showing items 1-1 of 1
Exchange rate intervention for a small open economy under managed floating and inflation targeting (National Institute of Development Administration, 2011);
In this dissertation, the standard impulse control model of exchange rate intervention is modified to accommodate the managed floating regime and inflation targeting monetary policy. On the one hand, under managed floating regime, the central bank’s objective of exchange rate intervention is to stabilize international trade sector. On the other hand, the objective of inflation targeting is to stabilize domestic commodity prices and the real output. When these two policies are combined in the same model, the objective of exchange rate intervention ...