Friedman Redux: External Adjustment and Exchange Rate Flexibility
نویسندگان
چکیده
منابع مشابه
Monetary Policy, Exchange Rate Flexibility, and Exchange Rate Pass-Through
This paper develops a dynamic general-equilibrium (DGE) model of a small open economy to investigate alternative monetary rules, differing primarily in the degree to which they allow for exchange rate flexibility. A central argument of the paper is that the nature of the trade-off between fixed and floating exchange rates may be quite different in mature industrial economies than in emerging-ma...
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ژورنال
عنوان ژورنال: The Economic Journal
سال: 2018
ISSN: 0013-0133,1468-0297
DOI: 10.1111/ecoj.12579