Most theoretical analysis of flexible versus fixed exchange rates takes the degree of nominal rigidity to be independent of the exchange rate regime choice itself. However, informal policy discussion often suggests that a credible exchange rate peg may increase internal price flexibility. This paper explores the relationship between exchang
Volatile exchange rates and how to manage them are a contentious topic whenever economic policymaker...
The paper reviews the extent to which a decade of analysis and experience has altered thinking about...
Much of the literature on optimal monetary policy uses models in which the degree of nominal price f...
We evaluate and qualify Friedman's, 1953, “case for flexible exchange rates” in the presence of stic...
Much of the literature on optimal monetary policy uses models in which the degree of nominal price f...
A dynamic general equilibrium model of a small open economy is presented where agents may choose the...
The choice of an exchange rate peg often points to a trade-off between gaining credibility and losin...
Traditionally the choice of exchange rate regime has been seen as a second-best policy choice, which...
A dynamic general equilibrium model of a small open economy is presented where agents may choose the...
The modern literature on the choice of fixed versus flexible exchange rate regimes traces back to Fr...
Economic theory refers to several notions of the exchange rate equilibrium value in a flexible excha...
This paper studies the costs and benefits of fixed and flexible exchange rate regimes in the presenc...
This paper analyzes the stabilizing properties of alternative monetary policy regimes. In practice t...
The literature has identified at least five approaches to the determinants of the choice of exchange...
This paper develops a welfare-based model of monetary policy in an open economy. We examine the opti...
Volatile exchange rates and how to manage them are a contentious topic whenever economic policymaker...
The paper reviews the extent to which a decade of analysis and experience has altered thinking about...
Much of the literature on optimal monetary policy uses models in which the degree of nominal price f...
We evaluate and qualify Friedman's, 1953, “case for flexible exchange rates” in the presence of stic...
Much of the literature on optimal monetary policy uses models in which the degree of nominal price f...
A dynamic general equilibrium model of a small open economy is presented where agents may choose the...
The choice of an exchange rate peg often points to a trade-off between gaining credibility and losin...
Traditionally the choice of exchange rate regime has been seen as a second-best policy choice, which...
A dynamic general equilibrium model of a small open economy is presented where agents may choose the...
The modern literature on the choice of fixed versus flexible exchange rate regimes traces back to Fr...
Economic theory refers to several notions of the exchange rate equilibrium value in a flexible excha...
This paper studies the costs and benefits of fixed and flexible exchange rate regimes in the presenc...
This paper analyzes the stabilizing properties of alternative monetary policy regimes. In practice t...
The literature has identified at least five approaches to the determinants of the choice of exchange...
This paper develops a welfare-based model of monetary policy in an open economy. We examine the opti...
Volatile exchange rates and how to manage them are a contentious topic whenever economic policymaker...
The paper reviews the extent to which a decade of analysis and experience has altered thinking about...
Much of the literature on optimal monetary policy uses models in which the degree of nominal price f...
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