Optimal Exchange Rate Policy: The Influence of Price Setting and Asset Markets
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This paper examines optimal exchange-rate policy in two-country sticky-price general equilibrium models in which households and firms optimize over an infinite horizon in an environment of uncertainty. The models are in the vein of the new open-economy macroeconomics' as exemplified by Obstfeld and
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美国国家经济研究局创建时间:
2000-09-01



