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Equilibrium price-output dynamics and the (non) insulating properties of fixed exchange rates

โœ Scribed by Robert Driskill; Stephen McCafferty


Book ID
116116327
Publisher
Elsevier Science
Year
1982
Tongue
English
Weight
456 KB
Volume
1
Category
Article
ISSN
0261-5606

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The stabilization properties of fixed an
โœ Keith Pilbeam ๐Ÿ“‚ Article ๐Ÿ“… 2004 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 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