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
Monetary-fiscal policy assignment under floating exchange rates
β Scribed by Jay H. Levin
- Publisher
- Springer
- Year
- 1986
- Tongue
- English
- Weight
- 609 KB
- Volume
- 134
- Category
- Article
- ISSN
- 0013-063X
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