| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP2562
|
| DP2562 Choosing the Wrong Calling Plan? Ignorance, Learning, and Risk Aversion |
| Eugenio Miravete
|
| 发表日期 | 2000-09-26
|
| 出版年 | 2000
|
| 语种 | 英语
|
| 摘要 | The paper provides SVAR estimates for four open economies: the UK, Canada, Sweden and Denmark, making explicit a monetary policy reaction function and taking account of exchange rate targeting practices. The object of the analysis is to examine the idea that an independent money and exchange rate should allow for effective shock-absorption. A polar extreme would be that exchange markets breed their own, and destabilizing, shocks. The paper?s findings vary from one economy to another: monetary union appears easy to recommend for Sweden and Denmark, much less so for Canada and the UK. |
| 主题 | International Macroeconomics
|
| 关键词 | Optimal currency area
Structural vector autoregression
Uk
Canada
Denmark
Sweden
Emu
|
| URL | https://cepr.org/publications/dp2562
|
| 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/531633
|
推荐引用方式
GB/T 7714 |
Eugenio Miravete. DP2562 Choosing the Wrong Calling Plan? Ignorance, Learning, and Risk Aversion. 2000.
|
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