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A Dynamic Disequilibrium Comparison of Fixed and Free Exchange-Rate Regimes

✍ Scribed by Kenneth S. Chan

Book ID
124869685
Publisher
American Economic Association
Year
1979
Tongue
English
Weight
347 KB
Volume
69
Category
Article
ISSN
0002-8282

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πŸ“œ SIMILAR VOLUMES

The stabilization properties of fixed an
The stabilization properties of fixed and floating exchange rate regimes
✍ Keith Pilbeam πŸ“‚ Article πŸ“… 2004 πŸ› John Wiley and Sons 🌐 English βš– 133 KB

## Abstract This paper investigates the price and output stabilization properties of fixed and floating exchange rates using a small open economy model. The performance of the two regimes is compared in the face of money demand, aggregate demand and aggregate supply shocks. It is shown that the ran