Should the ECB Adopt an Explicit Exchange Rate Target?

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dc.contributor.author Mäki-Fränti, Petri -
dc.date.accessioned 2012-06-17T20:09:17Z
dc.date.available 2012-06-17 15:12:15 -
dc.date.available 2012-06-17T20:09:17Z
dc.date.issued 2002 -
dc.identifier.isbn 951-44-5364-6 -
dc.identifier.issn 1458-1191 -
dc.identifier.uri http://tampub.uta.fi/handle/10024/65556
dc.description.abstract This paper investigates with a structural, quantitative macro model, whether the ECB should include the real exchange rate into its reaction function. The problem is considered from viewpoints of both the whole monetary union and a single member country with a national economy more open than the union economy on average. According to the results, the member country would benefit from the exchange rate stabilizing more than the rest of the union. It appears however, that the asymmetries of the external shocks facing the economies may be a more important factor behind the larger volatility of the inflation and output of the member country than the structural differences. -
dc.format.extent 37 -
dc.language.iso en -
dc.publisher Tampereen yliopisto -
dc.title Should the ECB Adopt an Explicit Exchange Rate Target? -
dc.type fi=Erillisteos | en=Monograph| -
dc.identifier.urn urn:isbn:951-44-5364-6 -
dc.type.version fi=Kustantajan versio | en=Publisher's version| -
dc.subject.okm fi=Kansantaloustiede | en=Economics| -
dc.oldstats 542 -
dc.seriesname.electronic Tampere Economic Working Papers Net Series
dc.relation.numberinserieselectronic 10/2002

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