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Incentives to fix the exchange rate

✍ Scribed by Francesco Giavazzi


Book ID
115874691
Publisher
Elsevier Science
Year
1988
Tongue
English
Weight
390 KB
Volume
32
Category
Article
ISSN
0014-2921

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## Abstract This paper improves upon the recently developed literature on exits from fixed exchange rate regimes in three ways: (1) It allows for two indicators for post‐exit macroeconomic conditions, the change in the exchange rate and the change in the output gap; (2) it tests whether the distinc