Open-economy macroeconomics : developments in theory and policy

This papers views developments in open-economy macroeconomics in light of the debate over the European monetary unification. The empirical tendency for nominal exchange rate regimes on the variability of nominal and real exchange rates alike can be rationalized by sticky-price theories or models of...

Full description

Bibliographic Details
Main Author: Obstfeld, Maurice
Format: Book
Published: Oxford Blackwell Publishers march 1998
Series:The Scandinavian Journal of Economics n. 1
Subjects: