Imported inflation and monetary policy
The present paper examines the thesis that monetary policy cannot be used as a weapon against domestic inflation in a surplus country under a regime of fixed exchange rates. The conditions under which the effective execution of domestic monetary policy is hampered by a balance-of-payments surplus ar...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Associazione Economia civile
2014-02-01
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| Series: | PSL Quarterly Review |
| Subjects: | |
| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11686 |