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How Costly is Exchange Rate Stabilisation for an Inflation Targeter? The Case of Australia

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Crosby, Mark; Kam, Timothy; Lees, Kirdan

Description

This paper quantifies the costs of mitigating exchange rate volatility within the context of a flexible inflation targeting central bank. Within a standard linear-quadratic formulation of inflation targeting, we append a term that penalises deviations in

CollectionsANU Research Publications
Date published: 2008
Type: Journal article
URI: http://hdl.handle.net/1885/25499
Source: The Economic Record
DOI: 10.1111/j.1475-4932.2008.00496.x

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