G2TT
来源类型Discussion paper
规范类型论文
来源IDDP838
DP838 Fixing Exchange Rates: A Virtual Quest for Fundamentals
Robert P Flood; Andrew Rose
发表日期1993-09-30
出版年1993
语种英语
摘要Fixed exchange rates are less volatile than floating rates. The volatility of macroeconomic variables, such as money and output, does not change very much across exchange rate regimes, however. This suggests that exchange rate models based only on macroeconomic fundamentals are unlikely to be very successful. It also suggests that there is no clear trade-off between reduced exchange rate volatility and macroeconomic stability.
主题International Macroeconomics
关键词Exchange rates Fixed Floating Monetary Regime Structural Traditional Volatility
URLhttps://cepr.org/publications/dp838
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/529989
推荐引用方式
GB/T 7714
Robert P Flood,Andrew Rose. DP838 Fixing Exchange Rates: A Virtual Quest for Fundamentals. 1993.
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