| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w2689 |
| 来源ID | Working Paper 2689 |
| Business Cycles and the Exchange Rate System: Some International Evidence | |
| Marianne Baxter; Alan C. Stockman | |
| 发表日期 | 1988-08-01 |
| 出版年 | 1988 |
| 语种 | 英语 |
| 摘要 | This paper investigates empirically the differences in time?series behavior of key economic aggregates under alternative exchange rate systems. We use a postwar sample of 49 countries to compare the behavior of output. consumption, trade flows, government consumption spending, and real exchange rates under alternative exchange rate systems (pegged, floating, and systems such as the EMS). We then examine evidence from two particular episodes, involving Canada and Ireland, of changes in the exchange rate system. Aside from greater variability of real exchange rates under flexible than under pegged nominal exchange rate systems, we find little evidence of systematic differences in the behavior of other macroeconomic aggregates or international trade flows under alternative exchange rate systems. These results are of interest because a large class of theoretical models implies that the nominal exchange rate system has important effects on a number of macroeconomic quantities. |
| 主题 | International Economics |
| URL | https://www.nber.org/papers/w2689 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/559948 |
| 推荐引用方式 GB/T 7714 | Marianne Baxter,Alan C. Stockman. Business Cycles and the Exchange Rate System: Some International Evidence. 1988. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w2689.pdf（736KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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