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Managed exchange rate regimes, price stability and the international monetary system

✍ Scribed by Wayne D. Angell

Book ID
116173044
Publisher
Elsevier Science
Year
1993
Tongue
English
Weight
869 KB
Volume
4
Category
Article
ISSN
1049-0078

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## Abstract I show how to implement in a simple manner the comparison of alternative monetary policy rules in a two‐country model of the new generation. These rules are: Full Price Stability, Taylor, Fixed and Managed Exchange Rates. I find, first, that the exchange rate dynamic is non‐stationary u