The influence of floating exchange rates on external equilibrium

被引:0
|
作者
Xiao, Xiao [1 ]
机构
[1] Wuhan Univ Technol, Sch Int Educ, Wuhan 430070, Peoples R China
关键词
floating exchange rates; money demand; aggregate demand; aggregate supply;
D O I
暂无
中图分类号
TN [电子技术、通信技术];
学科分类号
0809 ;
摘要
The paper discussed the effect of floating exchange rates under the circumstances of three types of shocks deriving from money demand, aggregate demand and aggregate supply in a macroeconomic model. The conclusion is that floating exchange rates can ensure a short-run equilibrium under a transitory shock of money demand or aggregate demand, or the shock of aggregate supply without other disturbances.
引用
收藏
页码:9843 / 9846
页数:4
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