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THE INTERNATIONAL MONETARY FUND AND THE SURVEILLANCE OF EXCHANGE RATES: A PESSIMISTIC NOTE

✍ Scribed by Sassanpour, Cyrus


Book ID
115230284
Publisher
John Wiley and Sons
Year
1980
Tongue
English
Weight
303 KB
Volume
4
Category
Article
ISSN
0277-0180

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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