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Language: en
Pages: 52
Pages: 52
Type: BOOK - Published: 1997-01-01 - Publisher: International Monetary Fund
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
Language: en
Pages: 16
Pages: 16
Type: BOOK - Published: 1996 - Publisher:
Language: fr
Pages:
Pages:
Type: BOOK - Published: 1996 - Publisher:
Language: en
Pages:
Pages:
Type: BOOK - Published: 1996 - Publisher:
Language: en
Pages: 0
Pages: 0
Type: BOOK - Published: 1996 - Publisher:
Until now, thinking on open economy macroeconomics has been largely schizophrenic. When it comes to analyzing exchange rate dynamics, an empirically-minded econ