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
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https://www.nber.org/papers/w6867
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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
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美国国家经济研究局创建时间：
1998-12-01
