Fixed vs. Floating Exchange Rates: How Price Setting Affects the Optimal Choice of Exchange-Rate Regime
收藏NBER1998-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w6867
下载链接
链接失效反馈官方服务：
资源简介：
We investigate the welfare properties of fixed and floating exchange rate regimes in a two-country, dynamic, infinite-horizon model with agents optimizing in an environment of uncertainty created by monetary shocks. The optimal exchange rate regime may depend on whether prices are set in the
提供机构：
美国国家经济研究局
创建时间：
1998-12-01
