Relative Prices, Employment, and the Exchange Rate in an Economy with Foresight
收藏NBER1981-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w0685
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资源简介：
This paper studies the effects of monetary policy in a small, open economy with a floating exchange rate, sticky wages, and rational expectations in both the asset and labor markets. The model developed emphasizes the link between exchange-rate depreciation and nominal wage inflation, embodying it
提供机构：
美国国家经济研究局
创建时间：
1981-06-01
