Exchange Rate Dynamics With Sluggish Prices Under Alternative Price-Adjustment Rules
收藏NBER1983-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1173
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资源简介：
This paper studies exchange rate behavior in models with moving long-run equilibria incorporating alternative price-adjustment mechanisms.The paper demonstrates that price-adjustment rules proposed by Mussa andby Barro and Grossman yield models that are empirically indistinguishable from each other.
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美国国家经济研究局创建时间：
1983-08-01
