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Exchange-market intervention and U.S. monetary policy

Author

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  • Owen F. Humpage

Abstract

An essay contending that a central bank interested in maintaining price stability gains little from exchange-market intervention, particularly when it acts jointly with fiscal authorities.

Suggested Citation

  • Owen F. Humpage, 1991. "Exchange-market intervention and U.S. monetary policy," Economic Commentary, Federal Reserve Bank of Cleveland, issue Oct.
    • Handle: RePEc:fip:fedcec:y:1991:i:oct1
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