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The Theory of Flexible Exchange Rate Regimes and Macroeconomic Policy
This paper develops three perspectives on the determination of exchange rates and their interaction with macroeconomic equilibrium and aggregate policies. A longrun view characterizes exchange rate determination in terms of monetary and real factors where the real aspects include an explicit consideration of relative price structures. A short-run or "liquidity" view of the exchange rate emphasizes the role of asset market equilibrium and expectations. A policy view, finally, analyses the effectiveness of aggregate policies and points out that in the short-run nominal disturbances will tend to be transmitted internationally. The paper concludes with an analysis of dual exchange rate systems as a stabilizing policy in the presence of speculative disturbances.
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| SJE7802 | PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | Stockholm, Sweden: The Almqvist & Wiksell Periodical Company 1976 |
|---|---|
| Edisi | Vol. 78, No. 2, Jun., 1976 |
| Subjek | Exchange rates Macroeconomic Market equilibrium Regime Aggregate policies |
| ISBN/ISSN | 0039-7318 |
| Klasifikasi | NONE |
| Deskripsi Fisik | 21 p. |
| Info Detail Spesifik | The Scandinavian Journal of Economics |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas |