Monetary Models and Inflation Targeting in Emerging Market Economies.
This paper extends and modifies the Keynesian critique of inflation targeting with reference to stabilisation policy in emerging market economies. The IMF ‘basic monetary programming framework’ for developing countries uses government borrowing and the exchange rate as policy instruments in order to...
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| Format: | Working paper |
| Idioma: | English |
| Publicat: |
Department of Economics (University of Oxford)
2004
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