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MONETARY POLICY EXCHANGE RATE DYNAMICS AND THE LABOUR MARKET
Oxford Economic Papers, 1986This paper analyzes exchange-rate dynamics in a model that integrates slowly-adjusting prices with wealth accumulation dynamics under imperfect asset substitutability. The aim is to examine the overshooting hypothesis and the nature of the dynamic path following a change in monetary policy.
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The exchange rate and monetary policy [PDF]
, 1992 A speech by Don Brash commenting on the place of the exchange rate in New Zealand's monetary policy.
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On the rate of exchange policy
2001The article contains a critical discussion of the presently applied rate of exchange policy consisting of the complete lack of control over the rate of exchange of the zloty. Its effect is either the weakening of the export ability of the Polish economy or the arousing of inflation leading to the increase of the interest rates. The new rate of exchange
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Fiscal Policy, Money and the Exchange Rate
2018This chapter highlights the role of the money supply and the exchange rate in an open economy aggregate demand-oriented model of fiscal and monetary policy, including analysis of fiscal versus monetary stimulus and the effectiveness of countercyclical fiscal and monetary policy with inflation targeting.
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Trade Policy and the Exchange Rate Regime
2001The Mexican, Asian and Brazilian crises from 1994 to 1998 have led to a great debate about the choice of exchange-rate regimes for developing countries. In particular, ‘fixed-but-adjustable’ regimes have been shown to be incompatible with high capital mobility.
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