Optimal exchange rate regimes: Turning Mundell-Fleming's dictum on its head
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https://www.nber.org/papers/w12684
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A famous dictum in open economy macroeconomics -- which obtains in the Mundell-Fleming world of sticky prices and perfect capital mobility -- holds that the choice of the optimal exchange rate regime should depend on the type of shock hitting the economy. If shocks are predominantly real, a flexible
提供机构:
美国国家经济研究局
创建时间:
2006-11-01



