Title: Monetary policy strategies for Latin America
Description: Instead of focusing the debate about the conduct of monetary policy on whether the normal exchange rate should be fixed or flexible, the focus should be on whether the monetary policy regime appropriately constrains discretion in monetary policymaking. Three frameworks deserve serious discussion as possible long-run strategies for monetary policy in Latin America. A hard exchange-rate peg, monetary targeting, and inflation targeting.
Subjects: Foreign exchange rates, Monetary policy, Anti-inflationary policies, Inflation (Finance)
Places: Latin America