Tag: Ruy Lama

Foreign Exchange Intervention under Policy Uncertainty

March 17, 2016/IMF Author/Editor: Gustavo Adler, Ruy Lama, Juan Pablo Medina Guzman Summary: We study the use of foreign exchange (FX) intervention as an additional policy instrument in an environment with learning, where agents infer the central bank policy rules from its policy actions. Under full information, a central bank […]