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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP382 |
DP382 Currency Bonds, Target Zones and Cash Limits: Thresholds for Monetary and Fiscal Policy | |
Marcus Miller; Paul Weller | |
发表日期 | 1990-03-01 |
出版年 | 1990 |
语种 | 英语 |
摘要 | Exchange rate behavior is analyzed in the context of a stochastic rational expectations model in which there are random shocks to the price setting mechanism and in which the authorities choose to impose either nominal or real exchange rate bands. Results are compared to those that emerge from a simple monetary model subject to velocity shocks. The effects of a realignment of the band, and of fiscal policy used in conjunction with monetary policy to defend the band, are also examined. |
主题 | International Macroeconomics |
关键词 | Exchange rates Fiscal policy monetary policy |
URL | https://cepr.org/publications/dp382 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529537 |
推荐引用方式 GB/T 7714 | Marcus Miller,Paul Weller. DP382 Currency Bonds, Target Zones and Cash Limits: Thresholds for Monetary and Fiscal Policy. 1990. |
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