International Interest Rate and Price Level Linkages under Flexible Exchange Rates: A Review of Recent Evidence
In: Exchange Rate Theory and Practice
AbstractIn an open economy, the scope for activist stabilization policy depends on the nature of the lincages between domestic and international markets for goods and assets. Tgo
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- Robert E. Cumby & Maurice Obstfeld, 1985. "International Interest-Rate and Price-Level Linkages Under Flexible Exchange Rates: A Review of Recent Evidence," NBER Working Papers 0921, National Bureau of Economic Research, Inc.
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