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- W2325784887 abstract "Much attention was devoted to the question of the effectiveness of fiscal and monetary measures in the presence of capital flows under fixed and flexible exchange rates [1; 3; 5; 6; 7; 8; 11; 12, chaps. 17, 18; 18]. It was shown, for example, that monetary policy tends to be more effective under flexible rates, and that this greater effectivenessdefined as the ability of the authorities to affect GNP through the manipulation of the money supply or interest rates-is increased by international capital mobility. On the other hand, capital movements tend to reduce the effectiveness of fiscal policy under flexible exchange rates, and may even render fiscal tools more effective under fixed ex-" @default.
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- W2325784887 date "1977-04-01" @default.
- W2325784887 modified "2023-09-25" @default.
- W2325784887 title "Capital Mobility and Stabilization Policies under Flexible Exchange Rates: A Revised Analysis" @default.
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- W2325784887 doi "https://doi.org/10.2307/1057117" @default.
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