Bullard, James Brian (contributor); … - 2006
�exible exchange rates. We �nd that open economy considera-
tions may alter conditions for determinacy and learnability …
smallopeneconomyanalysesasspecialcases. Wefocusonthetwopolarcases
of �xed and �exible exchange rates, and ask the question how determinacy
and international … the e�ects of policy on determinacy and learn-
ability by �rst considering instrument rules under �exible exchange rates …