Sticky Exchange Rates and Flexible Prices : A Heretic View From the Interwar Period /
Real exchange rate variability tends to be higher under flexible than under fixed exchange rates. The neokeynesian view attributes the higher variability to the combination of volatile nominal exchange rates with sticky prices. The neoclassical approach regards an increased incidence of real shocks...
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| Médium: | Časopis |
| Jazyk: | English |
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Washington, D.C. :
International Monetary Fund,
1991.
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| Edice: | IMF Working Papers; Working Paper ;
No. 1991/124 |
| On-line přístup: | Full text available on IMF |