Essays on international finance - monetary and exchange rate policy
This thesis presents three essays on monetary and exchange rate policies under the broad theme of international finance. The first essay on monetary policy (Chapter 2) considers three key questions on the behavior of the Federal reserve reaction function: (1) did the U.S Federal Reserve actively pursue a loose-fitting monetary policy which contributed to the build-up of the monetary excess prior to the GFC; (2) would an inflation target of 4 percent have provided a higher Federal Fund Rate...[Show more]
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