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This paper revisits Canada's pioneering experience with floating exchange rate over the period 19501962. It examines … whether the floating rate was the best option for Canada in the 1950s by developing and estimating a New Keynesian small open … that monetary policy was more volatile in the post-1957 period and Canada's macroeconomic performance suffered as a result …
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This paper revisits Canada's pioneering experience with floating exchange rate over the period 19501962. It examines … whether the floating rate was the best option for Canada in the 1950s by developing and estimating a New Keynesian small open … that monetary policy was more volatile in the post-1957 period and Canada's macroeconomic performance suffered as a result. …
Persistent link: https://www.econbiz.de/10010280054