Arbeitspapier
Stabilization policy in an open-economy equilibrium model
Whether the interests of a nation are best served by maintaining fixed exchange rates or by allowing exchange rates to vary continues to be a much debated issue among economists. Most of the earlier literature on this topic focused attention on the two extremes of completely fixed exchange rates versus the perfectly flexible or free floating system, examining the circumstances (degree of factor mobility, structure and origin of disturbances, etc.) under which one or the other would be preferred. More recently, several authors have adopted a different perspective by which the fixed and free float regimes are considered endpoints on a continuous spectrum of exchange rate flexibility (e.g. Boyer (1978), Frenkel and Aizenman (1982), Roper and Turnovsky (1980)). Undoubtedly, this view was stimulated by the move toward a system of managed floating among the major world currencies since 1973, where governments intervene in foreign exchange markets to varying extents, but not enough to peg the exchange rate.
- Language
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Englisch
- Bibliographic citation
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Year: 1984 ; Kiel: Institut für Weltwirtschaft (IfW)
- Classification
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Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Lächler, Ulrich
- Event
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Veröffentlichung
- (who)
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Kiel Institute of World Economics (IfW)
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
- (where)
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Kiel
- (when)
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1984
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Lächler, Ulrich
- Kiel Institute of World Economics (IfW)
- ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
Time of origin
- 1984
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The growing shadow economy: Implications for stabilization policy
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Population ageing in a small open economy: some policy experiments with a tractable general equilibrium model
Equilibrium Valuation of Currency Options in a Small Open Economy
Unconventional monetary policy in an open economy
Unilateral tax policy in the open economy
Monetary Policy Rules for an Open Economy
Unilateral Tax Policy in the Open Economy
Unilateral Tax Policy in the Open Economy
Stabilization policy in an open-economy equilibrium model
The Effectiveness of Stabilization Policy in a Small Open Economy
The growing shadow economy: Implications for stabilization policy
Competition Policy in an Open Economy
Fiscal policy in an open economy
Population ageing in a small open economy: some policy experiments with a tractable general equilibrium model
Equilibrium Valuation of Currency Options in a Small Open Economy
Unconventional monetary policy in an open economy
Unilateral tax policy in the open economy
Monetary Policy Rules for an Open Economy
Unilateral Tax Policy in the Open Economy