Imperfect Asset Substitutability and Monetary Policy under Fixed Exchange Rates
收藏NBER1980-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w0485
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资源简介：
This paper presents a long-run model of the open economy in a world of fixed exchange rates and imperfect substitutability between bonds denominated in different currencies. The model explicitly accounts for the wealth flow accompanying current-account imbalance and for the flow of interest payments
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美国国家经济研究局创建时间：
1980-06-01
