Pegged exchange rate regimes - A trap

Keyphrases

• Exchange Rate Regime 100%
• Pegged Exchange Rates 100%
• Inflation 50%
• Time Inconsistency 50%
• Multiple Equilibria 50%
• Real Shocks 50%
• Large Gain 50%
• Inflation Stabilization 50%
• High Inflation 50%
• Commitment Device 50%
• Welfare Loss 50%
• Exchange Rate Peg 50%
• Inflation Credibility 50%
• Commitment Scheme 50%
• Inflation Bias 50%

Economics, Econometrics and Finance

• Inflation 100%
• Exchange Rate Regime 100%
• Fixed Exchange Rate 100%
• Welfare 20%
• Exchange Rate 20%
• Dynamic Inconsistency 20%