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Worldwide Inflation and International Monetary Reform: Exchange Rates or Interest Rates?

✍ Scribed by Ronald McKinnon


Book ID
111390770
Publisher
John Wiley and Sons
Year
2011
Tongue
English
Weight
217 KB
Volume
19
Category
Article
ISSN
1671-2234

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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