Végh, Carlos2019-11-012019-11-012002956-7421-110https://hdl.handle.net/20.500.12580/3631Monetary policy in small open economies is typically cast as a choice between an exchange rate anchor (fixed or predetermined exchange rates) and a money anchor (floating exchange rates). Under such regimes, the growth rate of the nominal anchor is set according to the desired long-run inflation rate. After undergoing a not necessarily painless adjustment process, the economy would eventually reach the long-run inflation rate..pdfSección o Parte de un Documentop. 151-182engAttribution-NonCommercial-NoDerivs 3.0 ChilePOLÍTICA MONETARIATASAS DE INTERÉSINFLACIÓNTIPO DE CAMBIOArtículo