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Comment on R. Dornbusch, “The Theory of Flexible Exchange Rate Regimes and Macroeconomic Policy”

In: Flexible Exchange Rates and Stabilization Policy

Author

Listed:
  • Stanley Fischer

    (Massachusetts Institute of Technology)

Abstract

The paper by Rudiger Dornbusch first sets out a theory of the long run determination of the exchange rate and then discusses a number of issues connected with the operation of flexible exchange rate regimes over a shorter period characterized by expectational errors. Since the paper is admirably lucid, there is little for the discussant to do beyond expressing minor reservations at certain points and emphasizing some aspects of the analysis.

Suggested Citation

  • Stanley Fischer, 1977. "Comment on R. Dornbusch, “The Theory of Flexible Exchange Rate Regimes and Macroeconomic Policy”," Palgrave Macmillan Books, in: Jan Herin & Assar Lindbeck & Johan Myhrman (ed.), Flexible Exchange Rates and Stabilization Policy, pages 144-147, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-03359-1_12
    DOI: 10.1007/978-1-349-03359-1_12
    as

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