A theory of current account and exchange rate determinations
نویسندگان
چکیده
منابع مشابه
Discussion of The Exchange Rate and the Current Account
The principal purpose of the paper by Bullock, Grenville and Heenan is to understand the role that the exchange rate plays in balance of payments adjustment. Presumably, behind this purpose are two more fundamental concerns the ability to: • forecast likely outcomes; and • guide policy in response to certain shocks. The successful pursuit of the policy purpose also relies to a large extent on t...
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Some empirical and theoretical studies have emphasized on fixed exchange rate regime in controlling time inconsistency, while others consider the role of target zone regime as an important factor. Thus there is no general consensus to decide which exchange rate regime may bring about less time-inconsistency. The main purpose of this study is to investigate policy time-inconsistency in exchange ...
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ژورنال
عنوان ژورنال: European Economic Review
سال: 1983
ISSN: 0014-2921
DOI: 10.1016/0014-2921(83)90031-4