A Stable International Monetary System Emerges: Inflation Targeting is Bretton Woods, Reversed
NBER Working Paper No. 12711
---- Acknowledgements ----
This research was conducted in part while I visited INSEAD, the Monetary Authority of Singapore and the National University of Singapore, whom I thank for hospitality. For comments, I thank: Joshua Aizenman, Michael Dooley, Sebastian Edwards, Barry Eichengreen, Pierre-Olivier Gourinchas, Harald Hau, Brian Pinto, Mark Spiegel, Janet Yellen, and conference participants at UCSC. A current (PDF) version of this paper, sample output, and the data sets used in the paper are available at http://faculty.haas.berkeley.edu/arose. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.