(20.5) Imagine you are a central banker who feels that an exchange rate appreciation would reduce inflationary pressures, but you wish to avoid raising interest rates today. What can you say in public...

(20.5) Imagine you are a central banker who feels that an exchange rate appreciation would reduce inflationary pressures, but you wish to avoid raising interest rates today. What can you say in public to make the currency rise? What difficulties might this strategy cause?



May 26, 2022
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