Exchange Rate, Monetary, and Inflation Targets
Since the beginning of the Quantitative Theory of Money by David Hume, the relation between money and price level has been analyzed by monetary economists. Nowadays the search for price stability has induced the policymakers to adopt one of three monetary regimes: fixed exchange rate, monetary targe...
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| Format: | article |
| Status: | Published version |
| Publication Date: | 2002 |
| Country: | Brasil |
| Institution: | EDITORA 34 |
| Repository: | Revista de Economia Política |
| Language: | Portuguese |
| OAI Identifier: | oai:ojs2.centrodeeconomiapolitica.org:article/924 |
| Online Access: | https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/924 |
| Access Level: | Open access |
| Keyword: | Targets Exchange rate monetary aggregates inflation Metas taxa de câmbio agregados monetários inflação |
| Summary: | Since the beginning of the Quantitative Theory of Money by David Hume, the relation between money and price level has been analyzed by monetary economists. Nowadays the search for price stability has induced the policymakers to adopt one of three monetary regimes: fixed exchange rate, monetary targeting, or inflation targeting. The present paper makes a comparative analysis among these possibilities highlighting the advantages and disadvantages that belong to each monetary regime. JEL Classification: E52; E58. |
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