When Are Fixed Exchange Rates Really Fixed?
收藏NBER1996-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5842
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资源简介：
This paper analyzes the sustainability of fixed exchange rates by extending the Barro-Gordon framework to a fully dynamic context in which the level of a state variable (in this case debt) determines the payoffs available to the government at each point in time. The model yields the following
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美国国家经济研究局创建时间：
1996-11-01
