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Wages, Flexible Exchange Rates, and Macroeconomic Policy

โœ Scribed by Jeffrey Sachs


Book ID
121215501
Publisher
MIT Press
Year
1980
Tongue
English
Weight
337 KB
Volume
94
Category
Article
ISSN
0033-5533

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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