頁籤選單縮合
題名 | The “Lack” of Volatility Trade-Offs in Exchange Rate Zones with Sticky Prices= |
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作者 | Belessakos, Elias D.; Giannikos, Christos I.; |
期刊 | International Journal of Business and Economics |
出版日期 | 20020400 |
卷期 | 1:1 民91.04 |
頁次 | 頁69-78 |
分類號 | 563.2 |
語文 | eng |
關鍵詞 | Exchange rate; Target zones; Volatility trade-offs; Sticky prices; Overshooting; |
英文摘要 | In target zone regimes, volatility trade-offs between the nominal exchange rate and the nominal interest rate differential depend on the underlying monetary model assumption. In an economy with price rigidities there exists no such trade-off when the exchange rate overshoots. |
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