Policy Choices under Different Exchange Rate Regimes
Paul Grauwe,
Michele Fratianni and
Mustapha K. Nabli
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Paul Grauwe: Catholic University of Leuven
Mustapha K. Nabli: University of Tunis
Chapter 7 in Exchange Rates, Money and Output, 1985, pp 143-158 from Palgrave Macmillan
Abstract:
Abstract In this chapter the behaviour of the financial model, described in the previous chapter, is analysed under different exogenous disturbances. All disturbances are of the unexpected kind and can thus be considered as ‘news’. It is well known from the rational expectations literature that only expected disturbances are already reflected in prices, exchange rates, and interest rates.
Keywords: Exchange Rate; Interest Rate; Monetary Policy; Exchange Rate Regime; Annual Percentage Change (search for similar items in EconPapers)
Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-17699-1_7
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DOI: 10.1007/978-1-349-17699-1_7
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