Description

Book Synopsis
Reviews the traditional case for flexible exchange rates and countercyclical - that is, expansionary during recessions and contractionary in booms - monetary policy, and shows how flexible exchange rate regimes can better insulate the economy from such real disturbances as terms-of-trade shocks.

Currency Unions Edited by Alberto Alesina and

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    A Paperback / softback by Alberto Alesina, Robert J Barro

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      Publisher: Hoover Institution Press,U.S.
      Publication Date: 30/10/2001
      ISBN13: 9780817928421, 978-0817928421
      ISBN10: 0817928421
      Also in:
      Monetary economics

      Description

      Book Synopsis
      Reviews the traditional case for flexible exchange rates and countercyclical - that is, expansionary during recessions and contractionary in booms - monetary policy, and shows how flexible exchange rate regimes can better insulate the economy from such real disturbances as terms-of-trade shocks.

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