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This paper discusses the effects of different exchange rate regimes with different assumptions about the speed of adjustment of capital flows and expectations about changes in the exchange rate. It does this using simulation and eigenvalue analysis of the RBA79 model of the Australian economy....
Persistent link: https://www.econbiz.de/10005423579
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This survey is motivated by the major changes that have been occurring both within the financial sector and in the relationships between financial and other markets. These changes have complicated both monetary analysis and the practice of monetary policy. Monetary models based on simple...
Persistent link: https://www.econbiz.de/10005423645