Title:The Exchange Rate - A Shock-Absorber or Source of Shocks? A Study of Four Open Economies
Author(s):ARTIS, Michael J.; EHRMANN, MichaelDate:2000Type of Publication:Working PaperSeries/Report no.:CEPR Discussion PaperAbstract:The paper provides SVAR estimates for four open economies: the UK, Canada, Sweden and Denmark, making explicit a monetary policy reaction function and taking account of exchange rate targeting practices. The object of the ...