International Evidence on the Role of Monetary Policy in the Uncovered Interest Rate Parity Puzzle (2013)
Type of ContentOral Presentation
PublisherUniversity of Canterbury. Department of Economics and Finance
CitationGuender, A.V. (2013) International Evidence on the Uncovered Interest Rate Puzzle. University of Wuerzburg, Germany: Seminar, 26 Jun 2013.
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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 ...
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