The Exchange Rate in a Dynamic-Optimizing Current Account Model with Nominal Rigidities : A Quantitative Investigation /
This paper studies dynamic-optimizing model of a semi-small open economy with sticky nominal prices and wages. The model exhibits exchange rate overshooting in response to money supply shocks. The predicted variability of nominal and real exchange rates is roughly consistent with that of G-7 effecti...
| Hovedforfatter: | Kollman, Robert |
|---|---|
| Format: | Tidsskrift |
| Sprog: | English |
| Udgivet: |
Washington, D.C. :
International Monetary Fund,
1997.
|
| Serier: | IMF Working Papers; Working Paper ;
No. 1997/007 |
| Online adgang: | Full text available on IMF |
Lignende værker
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