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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      Book details

      Published 30 October 2001
      ISBN-13 9780817928421
      978-0817928421
      ISBN-10 0817928421

      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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