Showing items related by title, author, creator and subject.

• International Evidence on the Role of Monetary Policy in the Uncovered Interest Rate Parity Puzzle 

  Guender, A.V. (University of Canterbury. Department of Economics and Finance, 2015)

  CPI inflation targeting necessitates a flexible exchange rate regime. This paper embeds an endogenous target rule into a simple open economy macro model to explain the UIP puzzle. The model predicts that the change in the ...

• The Real Exchange Rate in Taylor Rules: A Re-Assessment 

  Guender A; Froyen RT (2016)

  Examining three flexible inflation targeting strategies, we find that a small concern for real exchange rate stability as a policy goal matters. First, it warrants the inclusion of the real exchange rate in Taylor rules and, ...

• CPI Inflation Targeting and the UIP Puzzle: An Appraisal of Instrument and Target Rules 

  Guender, A.V. (College of Business and EconomicsUniversity of Canterbury. Department of Economics and Finance, 2011)

  Employing an optimizing framework, this paper shows that a target rule dominates a simple instrument rule when the focus of monetary policy is on CPI inflation. The target rule approach produces a systematic relationship ...