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Monetarist Monetary Policy, Exchange Risk, and Exchange Rate Variability

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NBER1984-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1306
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This paper investigates the relationship between the new monetary control procedures, implemented by the Federal Reserve Board in October 1979, and the subsequent increase in exchange rate variability for the United States. It shows that, in the context of a stochastic, rational expectations model
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1984-03-01
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