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Inflation targeting or exchange rate targeting: Which framework supports the goal of price stability in emerging market economies?
Abu Asab, Nora; Cuestas, Juan Carlos; Montagnoli, Alberto Public Library of Science (2018)The paper investigates and compares the relationship between inflation and inflation uncertainty under inflation targeting and, alternatively, a conventional fixed exchange rate system, for a group of emerging countries. ... -
Towards Adopting Inflation Targeting: The Credibility and Limitations of Monetary Policy Under The Fixed Exchange System: The Case of Jordan
Abu Asab, Nora; Cuestas, Juan Carlos Wiley (2020-05-01)In this paper the interest rate pass through is examined within its intermediate lag of action to shed light on the credibility of monetary policy in Jordan, where the reputation of low inflation is imported through a ...