The exchange rate - a shock-absorber or source of shocks? : a study of four open economies
dc.contributor.author | ARTIS, Michael J. | |
dc.contributor.author | EHRMANN, Michael | |
dc.date.accessioned | 2006-05-13T10:39:49Z | |
dc.date.available | 2006-05-13T10:39:49Z | |
dc.date.issued | 2000 | |
dc.identifier.uri | https://hdl.handle.net/1814/4360 | |
dc.description.abstract | 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 analysis is to examine the idea that an independent money and exchange rate should allow for effective shock-absorption. A polar extreme would be that exchange markets breed their own, and destabilizing, shocks. The paper’s findings vary from one economy to another: monetary union appears easy to recommend for Sweden and Denmark, much less so for Canada and the UK. | en |
dc.format.extent | 3083 bytes | |
dc.format.mimetype | text/richtext | |
dc.language.iso | en | en |
dc.relation.ispartofseries | CEPR Discussion Paper | en |
dc.relation.ispartofseries | 2550 | en |
dc.title | The exchange rate - a shock-absorber or source of shocks? : a study of four open economies | en |
dc.type | Working Paper | en |
dc.neeo.contributor | ARTIS|Michael J.|aut| | |
dc.neeo.contributor | EHRMANN|Michael|aut| | |
eui.subscribe.skip | true |
Files associated with this item
Files | Size | Format | View |
---|---|---|---|
There are no files associated with this item. |
This item appears in the following Collection(s)
-
ECO Working Papers
ECO Working Papers series (ISSN 1725-6704)