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This paper analyzes the stabilizing properties of alternative monetary policy regimes. In practice there is a choice between two broad types of monetary policy regimes: a fixed exchange rate regime or a floating exchange rate regime. In this paper I compare exchange rate targeting with different...
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countries, Japan, and the United States to shocks in housing and equity prices. The effects are assessed with a Structural …
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quantify what actually happened in the Tokyo Stock Exchange during the period to see whether the policy design could have …
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