Uncertainty in currency mispricing
نویسندگان
چکیده
منابع مشابه
Uncertainty shocks and currency pegs∗
Uncertainty shocks cause economic activity to contract and more so, if monetary policy is constrained by an effective lower bound on interest rates. In this paper, we investigate whether countries with a currency peg or countries within currency unions are also particularly prone to suffer from the adverse effects of heightened uncertainty because they lack monetary independence. First, we esti...
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ژورنال
عنوان ژورنال: Applied Economics
سال: 2017
ISSN: 0003-6846,1466-4283
DOI: 10.1080/00036846.2017.1394975