Exchange rate flexibility and asymmetries of shocks

被引：0
|
作者：
Carre, M
Collard, F
机构：
[1] Univ Paris 01, MAD, F-75013 Paris, France
[2] CNRS, CEPREMAP, F-75700 Paris, France
来源：
REVUE ECONOMIQUE | 1998年 / 49卷 / 03期
关键词：
D O I：
10.2307/3502802
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This article studies the relationships between changes in exchange rates and macroeconomic aggregates within a general equilibrium framework. Such an analysis aims to evaluate the isolationist properties of a flexible exchange rate regime. We further have a look to the international transmission of shocks. Taking into account wealth effects yields a non neutrality of both monetary and fiscal policies either in the domestic or the foreign economy.
引用
收藏
页码：709 / 720
页数：12
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