Monetary Policy Performance under Control of exchange rate and consumer price index

Journal of Environmental Science and Economics Pub Date : 2022-01-25 DOI:10.56556/jescae.v1i1.7

Muhammad Naveed Jamil

引用次数: 12

Abstract

Central Reserve announced the Monetary Policy Rate from 1955 to 2021 in different ways, and the central bank should be equally interested in the output of exchange rate and price stability. Besides having a stabilizing effect on the price level and trend of exchange rate stabilized the countries outputs. We find that monetary policy control; the price level does not affect production and exchange rate. Monetary policy is the only thing that can change the trend of exchange rate and Consumer Price Index. The actual policy was fixed exchange rate, and currency devaluations like Japan were quite successful for stability. The results indicate that the central bank can stabilize much of the macroeconomic indicators and disturbances under a monetary exchange rate and consumer price index system.

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汇率与消费者物价指数控制下的货币政策绩效

央行在1955 - 2021年以不同的方式公布货币政策利率，央行应该对汇率和价格稳定的产出同样感兴趣。除了对物价水平和汇率走势有稳定作用外，还稳定了国家的产出。我们发现货币政策调控;价格水平不影响生产和汇率。货币政策是唯一能改变汇率和消费物价指数走势的东西。实际的政策是固定汇率，像日本这样的货币贬值对于稳定非常成功。结果表明，在货币汇率和消费者价格指数体系下，中央银行可以稳定许多宏观经济指标和干扰。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Environmental Science and Economics Environmental Economics-

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期刊介绍： Journal of environmental science and economics (JESCAE), ISSN: 2832-6032 is an open access peer-reviewed journal that considers articles and reviews articles on all aspects of environmental economics. Aim and Scope Journal of Environmental Science and Economics is an international scholarly refereed research journal that aims to promote the theory and practice of environmental economics, Sustainability research, technological innovation, and economics. A broad outline of the journal''s scope includes; peer-reviewed original research articles, case, and technical reports, reviews and analyses papers, short communications and notes to the editor, in interdisciplinary information on the practice and status of research in environmental science, sustainability, technological innovations, and economics. The main aspects of research areas include, but are not limited to; Environmental pollution control and abatement technology, Sustainable and economic Development, sustainable consumption and Sustainability, Environmental and sustainability assessment, transport and fate of pollutants in the environment, concentrations and dispersion of wastes in air, water, and non-point sources pollution, atmospheric pollutants and trace gases, environmental impact assessment, industrial ecology, ecological and human risk assessment; improved energy management and auditing efficiency and environmental standards and criteria.