Expenditure Switching vs. Real Exchange Rate Stabilization: Competing Objectives for Exchange Rate Policy
收藏NBER2006-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w12215
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资源简介：
This paper develops a view of exchange rate policy as a trade-off between the desire to smooth fluctuations in real exchange rates so as to reduce distortions in consumption allocations, and the need to allow flexibility in the nominal exchange rate so as to facilitate terms of trade adjustment. We
提供机构：
美国国家经济研究局
创建时间：
2006-05-01
