| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w4503 |
| 来源ID | Working Paper 4503 |
| Fixing Exchange Rates: A Virtual Quest for Fundamentals | |
| Robert P. Flood; Andrew K. Rose | |
| 发表日期 | 1993-10-01 |
| 出版年 | 1993 |
| 语种 | 英语 |
| 摘要 | Fixed exchange rates are less volatile than floating rates. But the volatility of macroeconomic variables such as money and output does not change very much across exchange rate regimes. 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 tradeoff between reduced exchange rate volatility and macroeconomic stability. |
| URL | https://www.nber.org/papers/w4503 |
| 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/561880 |
| 推荐引用方式 GB/T 7714 | Robert P. Flood,Andrew K. Rose. Fixing Exchange Rates: A Virtual Quest for Fundamentals. 1993. |
| 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 | ||
| w4503.pdf（419KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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