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Monetary Policy Under Dual Exchange Rates

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NBER1984-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1424
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资源简介:
This paper finds that the introduction of dual exchange rates gives the monetary authority greater independence from external constraints than it would otherwise enjoy. The monetary authority is able to influence the level of aggregate demand in the short run and to sterilize the effects of
创建时间:
1984-08-01
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