Comment on E.-M. Claassen, “World Inflation Under Flexible Exchange Rates”

Hans Genberg

A chapter in Flexible Exchange Rates and Stabilization Policy, 1977, pp 234-237 from Palgrave Macmillan

Abstract: Abstract The paper by Professor Claassen examines within an analytic framework some of the arguments which have led to the conclusion that flexible exchange rates imply a higher rate of inflation, on the average, than fixed exchange rates. Three types of arguments are considered. The first looks at the effect of the introduction of flexible exchange rates on the conduct of monetary policy. The second takes up the so-called Mundell-Laffer proposition which relies on price rigidities and ratchet effects. Finally, Prof. Claassen analyses the likely effect of flexible exchange rates on rates of inflation via changes in the demand for international reserves.

Date: 1977
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-03359-1_20

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349033591

DOI: 10.1007/978-1-349-03359-1_20

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().