Matches in SemOpenAlex for { <https://semopenalex.org/work/W1607209110> ?p ?o ?g. }
Showing items 1 to 96 of
96
with 100 items per page.
- W1607209110 abstract "This paper considers what we argue was the first experiment of an exchange rate band. This experiment took place in Austria-Hungary between 1896 and 1914. The rationale for introducing this policy rested on precisely those intuitions that modern target zone literature has recently emphasized: the band was designed to secure both exchange rate stability and monetary policy autonomy. However, unlike more recent experiences, such as the ERM, this policy was not undermined by credibility problems. In other words the episode provides us with an ideal testing ground for some important ideas in modern macroeconomics: specifically, can formal rules, when faithfully adhered to, provide policy makers with some advantages such as short term flexibility? First, we find that a credible band has a microeconomic influence on exchange rate stability. By reducing uncertainty, a credible fluctuation band improves the quality of expectations, a channel that has been neglected in the modern literature. Second, we show that the standard test of the basic target zone model is flawed and develop an alternative methodology. This enables us to understand why Austro-Hungarian policy makers were so upbeat about the merits of exchange rate target zones. We believe that these findings shed a new light on the economics of exchange rate bands." @default.
- W1607209110 created "2016-06-24" @default.
- W1607209110 creator A5015058598 @default.
- W1607209110 creator A5028505169 @default.
- W1607209110 date "2001-09-01" @default.
- W1607209110 modified "2023-09-26" @default.
- W1607209110 title "How to Run a Target Zone? Age Old Lessons from an Austro-Hungarian Experiment" @default.
- W1607209110 cites W1971867094 @default.
- W1607209110 cites W2072625401 @default.
- W1607209110 cites W2095128780 @default.
- W1607209110 cites W2313883262 @default.
- W1607209110 cites W2795715425 @default.
- W1607209110 cites W3022987229 @default.
- W1607209110 cites W3125474992 @default.
- W1607209110 cites W3125873259 @default.
- W1607209110 cites W3149422825 @default.
- W1607209110 hasPublicationYear "2001" @default.
- W1607209110 type Work @default.
- W1607209110 sameAs 1607209110 @default.
- W1607209110 citedByCount "1" @default.
- W1607209110 crossrefType "posted-content" @default.
- W1607209110 hasAuthorship W1607209110A5015058598 @default.
- W1607209110 hasAuthorship W1607209110A5028505169 @default.
- W1607209110 hasConcept C111472728 @default.
- W1607209110 hasConcept C112972136 @default.
- W1607209110 hasConcept C119857082 @default.
- W1607209110 hasConcept C126285488 @default.
- W1607209110 hasConcept C138885662 @default.
- W1607209110 hasConcept C139719470 @default.
- W1607209110 hasConcept C151730666 @default.
- W1607209110 hasConcept C162324750 @default.
- W1607209110 hasConcept C17744445 @default.
- W1607209110 hasConcept C18547055 @default.
- W1607209110 hasConcept C187736073 @default.
- W1607209110 hasConcept C199539241 @default.
- W1607209110 hasConcept C2776071005 @default.
- W1607209110 hasConcept C2776639384 @default.
- W1607209110 hasConcept C2776988154 @default.
- W1607209110 hasConcept C2777267654 @default.
- W1607209110 hasConcept C2779530757 @default.
- W1607209110 hasConcept C2780224610 @default.
- W1607209110 hasConcept C2780598303 @default.
- W1607209110 hasConcept C2781395280 @default.
- W1607209110 hasConcept C41008148 @default.
- W1607209110 hasConcept C65414064 @default.
- W1607209110 hasConcept C86803240 @default.
- W1607209110 hasConceptScore W1607209110C111472728 @default.
- W1607209110 hasConceptScore W1607209110C112972136 @default.
- W1607209110 hasConceptScore W1607209110C119857082 @default.
- W1607209110 hasConceptScore W1607209110C126285488 @default.
- W1607209110 hasConceptScore W1607209110C138885662 @default.
- W1607209110 hasConceptScore W1607209110C139719470 @default.
- W1607209110 hasConceptScore W1607209110C151730666 @default.
- W1607209110 hasConceptScore W1607209110C162324750 @default.
- W1607209110 hasConceptScore W1607209110C17744445 @default.
- W1607209110 hasConceptScore W1607209110C18547055 @default.
- W1607209110 hasConceptScore W1607209110C187736073 @default.
- W1607209110 hasConceptScore W1607209110C199539241 @default.
- W1607209110 hasConceptScore W1607209110C2776071005 @default.
- W1607209110 hasConceptScore W1607209110C2776639384 @default.
- W1607209110 hasConceptScore W1607209110C2776988154 @default.
- W1607209110 hasConceptScore W1607209110C2777267654 @default.
- W1607209110 hasConceptScore W1607209110C2779530757 @default.
- W1607209110 hasConceptScore W1607209110C2780224610 @default.
- W1607209110 hasConceptScore W1607209110C2780598303 @default.
- W1607209110 hasConceptScore W1607209110C2781395280 @default.
- W1607209110 hasConceptScore W1607209110C41008148 @default.
- W1607209110 hasConceptScore W1607209110C65414064 @default.
- W1607209110 hasConceptScore W1607209110C86803240 @default.
- W1607209110 hasLocation W16072091101 @default.
- W1607209110 hasOpenAccess W1607209110 @default.
- W1607209110 hasPrimaryLocation W16072091101 @default.
- W1607209110 hasRelatedWork W1481356246 @default.
- W1607209110 hasRelatedWork W1502148137 @default.
- W1607209110 hasRelatedWork W1523511911 @default.
- W1607209110 hasRelatedWork W1559477375 @default.
- W1607209110 hasRelatedWork W1722518056 @default.
- W1607209110 hasRelatedWork W2064696985 @default.
- W1607209110 hasRelatedWork W2083128235 @default.
- W1607209110 hasRelatedWork W2117441223 @default.
- W1607209110 hasRelatedWork W2168674816 @default.
- W1607209110 hasRelatedWork W2334086649 @default.
- W1607209110 hasRelatedWork W2483913234 @default.
- W1607209110 hasRelatedWork W2516760320 @default.
- W1607209110 hasRelatedWork W2562286088 @default.
- W1607209110 hasRelatedWork W2799704312 @default.
- W1607209110 hasRelatedWork W3017801768 @default.
- W1607209110 hasRelatedWork W3022835665 @default.
- W1607209110 hasRelatedWork W411424233 @default.
- W1607209110 hasRelatedWork W52859498 @default.
- W1607209110 hasRelatedWork W2360210780 @default.
- W1607209110 hasRelatedWork W2514341031 @default.
- W1607209110 isParatext "false" @default.
- W1607209110 isRetracted "false" @default.
- W1607209110 magId "1607209110" @default.
- W1607209110 workType "article" @default.