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Integral stabilization policy and flexible exchange rates

โœ Scribed by Jay H. Levin


Book ID
112507158
Publisher
Springer Vienna
Year
1982
Tongue
English
Weight
905 KB
Volume
42
Category
Article
ISSN
1617-7134

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Optimal monetary policy under flexible e
โœ Stephen J. Turnovsky ๐Ÿ“‚ Article ๐Ÿ“… 1979 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 793 KB

This paper considers optimal monetary stabilization policy under flexible exchange rates in a model where exchange rate expectations are generated regressively. The analysis highlights the intimate relationship that exists between: (a) the direction of the optimal monetary feedback rule, (b) the amo