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논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 발행연도
- 2012.8
- 수록면
- 175 - 188 (14page)
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초록· 키워드
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It is known that the effectiveness of macro policies depends on the exchange-rate regime. Pertinent models have typically considered either fixed or floating rates rather than mixed regimes. In recent years, however, the dollar has floated against most currencies, while being fixed against the yuan. This paper argues that a flex-price, dual-rate model consisting of the U.S., China and the Eurozone, combined with distinct adjustment patterns in tradables and nontradables sectors and a tendency for policy makers to treat inflation in housing as pure asset inflation, provides a plausible explanation of the great moderation and its aftermath.
목차
1. INTRODUCTION
2. THE THEORETICAL FRAMEWORK
3. THE REAL EXCHANGE RATEIN A FULLY EMPLOYED ECONOMY
4. PULLING THE PIECES TOGETHER
5. CONCLUDING REMARKS
REFERENCES
참고문헌 (4)
참고문헌 신청
1. [학술지(정기간행물)] - Arndt, S. W. / 2011 / Adjustment in an open Economy with Two Exchange-Rate Regimes / Journal of Economic Asymmetries 8 (2) : 11 ~ 22
2. [학술지(정기간행물)] - Arndt, S. W. / 2012 / Stabilization Policy in an Economy with Two Exchange Rate Regimes / Global Economy Journal 12 (2)
3. [학술지(정기간행물)] - Fisher, S. / 2001 / Exchange Rate Regimes: Is the Bipolar View Correct? / Journal of Economic Perspectives 15 (2) : 3 ~ 24
4. [보고서] - IMF / 2008 / De Facto Classification of Exchange Rate Regimes and Monetary Policy Frameworks
2. [학술지(정기간행물)] - Arndt, S. W. / 2012 / Stabilization Policy in an Economy with Two Exchange Rate Regimes / Global Economy Journal 12 (2)
3. [학술지(정기간행물)] - Fisher, S. / 2001 / Exchange Rate Regimes: Is the Bipolar View Correct? / Journal of Economic Perspectives 15 (2) : 3 ~ 24
4. [보고서] - IMF / 2008 / De Facto Classification of Exchange Rate Regimes and Monetary Policy Frameworks
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UCI(KEPA) : I410-ECN-0101-2013-320-003298373