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Real Exchange Rate, Monetary Policy and Employment: Economic Development in a Garden of Forking Paths

In: Beyond Inflation Targeting

Author

Listed:
  • Roberto Frenkel
  • Lance Taylor

Abstract

This book, written by an international team of economists, develops concrete, country specific alternatives to inflation targeting, the dominant policy framework of central bank policy that focuses on keeping inflation in the low single digits to the virtual exclusion of other key goals such as employment creation, poverty reduction and sustainable development.

Suggested Citation

  • Roberto Frenkel & Lance Taylor, 2009. "Real Exchange Rate, Monetary Policy and Employment: Economic Development in a Garden of Forking Paths," Chapters, in: Gerald A. Epstein & A. Erinc Yeldan (ed.), Beyond Inflation Targeting, chapter 2, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:13168_2
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    Citations

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    Cited by:

    1. Ahmet Benlialper & Hasan Cömert & Nadir Öcal, 2017. "Asymmetric Exchange Rate Policy in Inflation Targeting Developing Countries," ERC Working Papers 1702, ERC - Economic Research Center, Middle East Technical University, revised Feb 2017.
    2. Zhang, Teng & Ouyang, Puman, 2018. "Is RMB appreciation a nightmare for the Chinese firms? An analysis on firm profitability and exchange rate," International Review of Economics & Finance, Elsevier, vol. 54(C), pages 27-43.

    More about this item

    Keywords

    Development Studies; Economics and Finance;

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