Activist Monetary Policy, Imperfect Capital Mobility, and the Overshooting Hypothesis
收藏NBER1983-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1244
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The hypothesis of exchange rate over shooting is investigated in the context of a model that incorporates activist monetary policy, variable output, imperfect capital mobility, and slow price adjustment. Monetary policy which accommodates prices and/or interest rates is shown to increase the
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美国国家经济研究局创建时间：
1983-12-01
