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Monetary Policy in the Open Economy Revisited: Price Setting and Exchange Rate Flexibility

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NBER2000-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w7665
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This paper develops a welfare-based model of monetary policy in an open economy. We focus on the extent to which monetary policy should be employed in maintaining the exchange rate. The traditional approach maintains that exchange rate flexibility is desirable in the presence of real country
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2000-04-01
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