Real Exchange Rate Overshooting and the Output Cost of Bringing Down Inflation
收藏NBER1981-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w0749
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资源简介：
Implementing a 'gradualist' policy of monetary contraction, in an open economy with a freely floating exchange rate but with nominal inertia in domestic labor costs, can lead to prompt and substantial changes in the nominal and real exchange rate. One of the virtues claimed for such exchange rate
提供机构：
美国国家经济研究局
创建时间：
1981-09-01
