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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP1241 |
DP1241 The Macroeconomics of the Mexican Crisis: A Simple Two-period Model | |
David Vines; Gregor Irwin | |
发表日期 | 1995-09-30 |
出版年 | 1995 |
语种 | 英语 |
摘要 | This paper uses a unified analytical framework to assess, both qualitatively and quantitatively, the relevance of the different hypotheses that have been proposed to explain the real effects of exchange-rate-based stabilizations. The four major hypotheses analysed are: (i) the supply-side effects associated with an inflation decline; (ii) the perception that the exchange rate peg is temporary; (iii) the fiscal adjustments that tend to accompany the peg; and (iv) the existence of nominal rigidities in wages or prices. |
主题 | International Macroeconomics |
关键词 | Fixed exchange rates inflation Stabilization |
URL | https://cepr.org/publications/dp1241 |
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/530384 |
推荐引用方式 GB/T 7714 | David Vines,Gregor Irwin. DP1241 The Macroeconomics of the Mexican Crisis: A Simple Two-period Model. 1995. |
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