External Constraints on Monetary Policy and the Financial Accelerator
收藏NBER2003-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w10128
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资源简介：
We develop a small open economy macroeconomic model where financial conditions influence aggregate behavior. We use this model to explore the connection between the exchange rate regime and financial distress. We show that fixed exchange rates exacerbate financial crises by tieing the hands of the
提供机构：
美国国家经济研究局创建时间：
2003-12-01
