Arbeitspapier
Rational exchange rate and price expectations under different exchange rate regimes in Finland
In this paper a small aggregative model of the Finnish economy with rational exchange rate and price expectations is specified and estimated with quarterly data. Optimal exchange rate regimes are assessed by simulating effects of various unanticipated and permanent shocks. According to the simulation results fixed exchange rates seem to insulate the domestic economy from monetary shocks while floating rates are preferable if shocks are real.
- ISBN
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951-686-156-3
- Language
-
Englisch
- Bibliographic citation
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Series: Bank of Finland Discussion Papers ; No. 12/1988
- Classification
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Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Aurikko, Esko
- Event
-
Veröffentlichung
- (who)
-
Bank of Finland
- (where)
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Helsinki
- (when)
-
1988
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the 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
- Aurikko, Esko
- Bank of Finland
Time of origin
- 1988
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