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Optimal Exchange Rate Policy

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NBER2023-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w31933
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资源简介:
We develop a general policy analysis framework for an open economy that features nominal rigidities and financial frictions giving rise to endogenous PPP and UIP deviations. The efficient allocation can be implemented with monetary policy closing the output gap and FX interventions eliminating UIP
创建时间:
2023-12-01
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