Persistent Appreciations and Overshooting: A Normative Analysis
收藏NBER2007-05-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w13077
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资源简介:
Most economies experience episodes of persistent real exchange rate appreciations, when the question arises whether there is a need for intervention to protect the export sector. In this paper we present a model of irreversible destruction where exchange rate intervention may be justified if the
提供机构:
美国国家经济研究局
创建时间:
2007-05-01



