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Inflation and the Exchange Rate Regime
Is a regime of fixed or of flexible rates more conducive to inflation? In a flexible rate regime the authorities of each country can choose whatever rate of inflation they wish. In the fixed rate system countries can depart from the world rate of inflation by running payments imbalances and will trade-off the costs of accommodating borrowing or lending against the benefits from getting closer to their desired inflation rates; inflation rates are then determined in a general equilibrium system where countries "trade" their surpluses and deficits. "Inflation-prone" countries are distinguished from the "inflation-shy". Account is also taken of the special case of the reserve currency country.
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 | Inflation Country Regime General equilibrium system Inflation-prone |
| ISBN/ISSN | 0039-7318 |
| Klasifikasi | NONE |
| Deskripsi Fisik | 14 p. |
| Info Detail Spesifik | The Scandinavian Journal of Economics |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas |