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- W3122912157 abstract "In this study we contrast fixed and floating exchange rate regimes in a dynamic general equilibrium model. We find that the fundamental difference in the regimes is in the courses they imply for monetary policies. Because of policy coordination requirements, a tighter monetary policy needed to maintain a fixed exchange rate may necessitate a tightening in budget policy as well. We show that under some initial conditions voters or a social planner will favor one regime, but under other conditions they will favor the other. However, the choices of voters and a social planner are almost diametrically opposed." @default.
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- W3122912157 date "1995-07-01" @default.
- W3122912157 modified "2023-10-18" @default.
- W3122912157 title "Fixed vs. Floating Exchange Rates: A Dynamic General Equilibrium Analysis" @default.
- W3122912157 doi "https://doi.org/10.21034/sr.194" @default.
- W3122912157 hasPublicationYear "1995" @default.
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