From monetary to exchange rate targets. A comment

Authors

  • R. DORNBUSH

DOI:

https://doi.org/10.13133/2037-3643/10739

Keywords:

EMS, European integration, exchange rate and monetary rules

Abstract

A brief comment on M.J. Artis’ From monetary to exchange rate targets. The author qualifies some of the conclusions of the static model, highlights some of the different lessons of the transition problem and offers a somewhat different perspective on the longer term choice between exchange rate and monetary rules.

 

JEL: E42, E52, F36

References

DoRNBUSCH, R. (1980a) Open Economy Macroeconomics, Basic Books, New York.

DORNBUSCH, R. (1980b) "lnflatioo Stabilization aod Capitai Mobility," NBER Working Papero

DORNBUSCH, R. (1981) "PPP Exchange Rate Rules aod Macroeconomic Stability," unpublished

manuscripr, M. I. T. Forthcoming, }oltma! o/Politica! Economy, April1982.

SARGENT, T. (1980) "The Ends of Faur Big Inflations," unpublished conference paper, NBER.

TAYWR, ]. (1979) "Staggered Wage Setting in a Macro Mode1," American Economie Review, May.

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Published

2013-10-11

How to Cite

DORNBUSH, R. (2013). From monetary to exchange rate targets. A comment. PSL Quarterly Review, 34(138). https://doi.org/10.13133/2037-3643/10739

Issue

Vol. 34 No. 138 (1981)

Section

Editorial

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