Price Rigidity and the Selection of the Exchange Rate Regime
โ Scribed by Fabrice Collard; Harris Dellas
- Book ID
- 106488370
- Publisher
- Springer US
- Year
- 2006
- Tongue
- English
- Weight
- 284 KB
- Volume
- 17
- Category
- Article
- ISSN
- 0923-7992
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
## 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
This paper examines the relationship between the black market premium and the rate of inflation under a dual exchange rate regime consisting of an official market and a black market. By explicitly specifying the implicit export tax associated with the government budget constraint in a dynamic optimi