Currency Bands, Target Zones, and Cash Limits : Thresholds for Monetary and Fiscal Policy

Miller, Marcus

Exchange rate behavior is analyzed in the context of a stochastic rational expectations model in which there are random shocks to the price setting mechanism and in which the authorities choose to impose either nominal or real exchange rate bands. Results are compared to those which emerge from a simple monetary model subject to velocity shocks. The effects of a realignment of the Band, and of fiscal policy used in conjunction with monetary policy to defend the band, are also examined

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Year of publication:	1990
Authors:	Miller, Marcus
Other Persons:	Miller, Marcus (contributor) ; Weller, Paul A. (contributor)
Publisher:	Washington, D.C : International Monetary Fund
Subject:	Finanzpolitik \| Fiscal policy \| Geldpolitik \| Monetary policy \| Theorie \| Theory \| Wechselkurspolitik \| Exchange rate policy \| Währungsunion \| Monetary union \| Zielzone \| Target zone

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Erscheint auch als (Druck-Ausgabe):

Miller, Marcus. Currency Bands, Target Zones, and Cash Limits: Thresholds for Monetary and Fiscal Policy. - Washington, D.C. : International Monetary Fund, 1990

Persistent link: https://www.econbiz.de/10014396203