題名: | The “Lack” of Volatility Trade-Offs in Exchange Rate Zones with Sticky Prices |
作者: | Elias D. Belessakos Christos I. Giannikos |
關鍵字: | exchange rate|target zones|volatility trade-offs|sticky prices|overshooting |
期刊名/會議名稱: | international journal of business and economics |
摘要: | In target zone regimes, volatility trade-offs between the nominal exchange rate and the_x000D_ nominal interest rate differential depend on the underlying monetary model assumption. In an_x000D_ economy with price rigidities there exists no such trade-off when the exchange rate overshoots. |
ISSN: | issn16070704 |
日期: | 2002/04/01 |
分類: | Volume01,No.1 |
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