Does the exchange rate regime matter for inflation and growth?
Although the theoretical relationships are ambiguous, evidence suggests a strong link between the choice of the exchange rate regime and economic performance. The paper argues that adopting a pegged exchange rate can lead to lower inflation, but also to slower growth in productivity. It finds that o...
| Основни автори: | Ghosh, Atish R., (Author), Gulde, Anne-Marie, (Author), Ostry, Jonathan David, 1962- (Author), Wolf, Holger C., (Author) |
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| Други автори: | Driscoll, David D., (Editor) |
| Формат: | Електронен |
| Език: | English |
| Публикувано: |
Washington, D.C. :
International Monetary Fund,
1996.
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| Серия: |
Economic issues (International Monetary Fund) ;
2. |
| Предмети: | |
| Онлайн достъп: |
http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=449569 |
| Подобни документи: |
Print version::
Does the exchange rate regime matter for inflation and growth? |
| Резюме: |
Although the theoretical relationships are ambiguous, evidence suggests a strong link between the choice of the exchange rate regime and economic performance. The paper argues that adopting a pegged exchange rate can lead to lower inflation, but also to slower growth in productivity. It finds that on average per capita GDP growth was slightly faster underfloating regimes than under pegged exchange regimes. |
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| Описание на библ. документ: |
Edited by David D. Driscoll. The following paper draws on material originally contained in IMF Working Paper 95/121, "Does the Nominal Exchange Rate Regime Matter?", by Atish R. Ghosh, Anne-Marie Gulde, Johathan D. Ostry, and Holger Wolf. David D. Driscoll of the Fund's External Relations Department provided editorial assistance--preface. "September 1996"--Title page verso. |
| Физически характеристики: |
1 online resource (iii, 13 pages) : illustrations. |
| Библиография: |
Includes bibliographical references (page 13). |
| ISBN: |
9781455219407 1455219401 |