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Tornell, Aaron; Velasco, Andrés - 1995

Persistent link: https://www.econbiz.de/10000910098

Money-based versus exchange rate-based stabilization with endogenous fiscal policy

Tornell, Aaron; Velasco, Andrés - 1995

Persistent link: https://www.econbiz.de/10000922696

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Rebelo, Sérgio - 1997

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Policy responses to exchange-rate movements

Ball, Laurence M. - 2009

"This paper examines policy responses to exchange-rate movements in a simple model of an open economy. The optimal response of monetary policy to an exchange-rate change depends on the source of the change: on whether the underlying shock is a shift in capital flows, manufactured exports, or...