Flexible exchange rates for a stable world economy:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, DC
Peterson Institute for International Economics
2011
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Beschreibung: | Includes bibliographical references and index Introduction and overview -- A world of multiple monies -- Are floating exchange rates too volatile? -- Do volatile exchange rates reduce economic output? -- Do volatile exchange rates destabilize inflation and output? -- Monetary policy with fixed and floating exchange rates -- Fiscal policy and exchange rate regimes -- Exchange rate regimes in developing economies -- Policy conclusions -- References -- Index Volatile exchange rates and how to manage them are a contentious topic whenever economic policymakers gather in international meetings. This book examines the broad parameters of exchange rate policy in light of both high-powered theory and real-world experience. What are the costs and benefits of flexible versus fixed exchange rates? How much of a role should the exchange rate play in monetary policy? Why don't volatile exchange rates destabilize inflation and output? The principal finding of this book is that using monetary policy to fight exchange rate volatility, including through the adoption of a fixed exchange rate regime, leads to greater volatility of employment, output, and inflation. In other words, the "cure" for exchange rate volatility is worse than the disease. This finding is demonstrated in economic models, in historical case studies, and in statistical analysis of the data. The book devotes considerable attention to understanding the reasons why volatile exchange rates do not destabilize inflation and output. The book concludes that many countries would benefit from allowing greater flexibility of their exchange rates in order to target monetary policy at stabilization of their domestic economies. Few, if any, countries would benefit from a move in the opposite direction |
| Beschreibung: | 1 Online-Ressource (xvi, 265 p.) |
| ISBN: | 9780881326352 0881326356 9780881326277 0881326275 |
Internformat
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| 245 | 1 | 0 | |a Flexible exchange rates for a stable world economy |c Joseph E. Gagnon ; with Marc Hinterschweiger |
| 264 | 1 | |a Washington, DC |b Peterson Institute for International Economics |c 2011 | |
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| 500 | |a Includes bibliographical references and index | ||
| 500 | |a Introduction and overview -- A world of multiple monies -- Are floating exchange rates too volatile? -- Do volatile exchange rates reduce economic output? -- Do volatile exchange rates destabilize inflation and output? -- Monetary policy with fixed and floating exchange rates -- Fiscal policy and exchange rate regimes -- Exchange rate regimes in developing economies -- Policy conclusions -- References -- Index | ||
| 500 | |a Volatile exchange rates and how to manage them are a contentious topic whenever economic policymakers gather in international meetings. This book examines the broad parameters of exchange rate policy in light of both high-powered theory and real-world experience. What are the costs and benefits of flexible versus fixed exchange rates? How much of a role should the exchange rate play in monetary policy? Why don't volatile exchange rates destabilize inflation and output? The principal finding of this book is that using monetary policy to fight exchange rate volatility, including through the adoption of a fixed exchange rate regime, leads to greater volatility of employment, output, and inflation. In other words, the "cure" for exchange rate volatility is worse than the disease. This finding is demonstrated in economic models, in historical case studies, and in statistical analysis of the data. The book devotes considerable attention to understanding the reasons why volatile exchange rates do not destabilize inflation and output. The book concludes that many countries would benefit from allowing greater flexibility of their exchange rates in order to target monetary policy at stabilization of their domestic economies. Few, if any, countries would benefit from a move in the opposite direction | ||
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Datensatz im Suchindex
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| author | Gagnon, Joseph E. |
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| author_variant | j e g je jeg |
| building | Verbundindex |
| bvnumber | BV042962622 |
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| ctrlnum | (OCoLC)759117229 (DE-599)BVBBV042962622 |
| dewey-full | 332.4/562 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.4/562 |
| dewey-search | 332.4/562 |
| dewey-sort | 3332.4 3562 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| isbn | 9780881326352 0881326356 9780881326277 0881326275 |
| language | English |
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| spelling | Gagnon, Joseph E. Verfasser aut Flexible exchange rates for a stable world economy Joseph E. Gagnon ; with Marc Hinterschweiger Washington, DC Peterson Institute for International Economics 2011 1 Online-Ressource (xvi, 265 p.) txt rdacontent c rdamedia cr rdacarrier Includes bibliographical references and index Introduction and overview -- A world of multiple monies -- Are floating exchange rates too volatile? -- Do volatile exchange rates reduce economic output? -- Do volatile exchange rates destabilize inflation and output? -- Monetary policy with fixed and floating exchange rates -- Fiscal policy and exchange rate regimes -- Exchange rate regimes in developing economies -- Policy conclusions -- References -- Index Volatile exchange rates and how to manage them are a contentious topic whenever economic policymakers gather in international meetings. This book examines the broad parameters of exchange rate policy in light of both high-powered theory and real-world experience. What are the costs and benefits of flexible versus fixed exchange rates? How much of a role should the exchange rate play in monetary policy? Why don't volatile exchange rates destabilize inflation and output? The principal finding of this book is that using monetary policy to fight exchange rate volatility, including through the adoption of a fixed exchange rate regime, leads to greater volatility of employment, output, and inflation. In other words, the "cure" for exchange rate volatility is worse than the disease. This finding is demonstrated in economic models, in historical case studies, and in statistical analysis of the data. The book devotes considerable attention to understanding the reasons why volatile exchange rates do not destabilize inflation and output. The book concludes that many countries would benefit from allowing greater flexibility of their exchange rates in order to target monetary policy at stabilization of their domestic economies. Few, if any, countries would benefit from a move in the opposite direction BUSINESS & ECONOMICS / Foreign Exchange bisacsh Foreign exchange rates fast Monetary policy fast Wirtschaft Foreign exchange rates Monetary policy Wechselkurspolitik (DE-588)4131291-0 gnd rswk-swf Wirkungsanalyse (DE-588)4224214-9 gnd rswk-swf Flexibler Wechselkurs (DE-588)4017520-0 gnd rswk-swf Flexibler Wechselkurs (DE-588)4017520-0 s Wechselkurspolitik (DE-588)4131291-0 s Wirkungsanalyse (DE-588)4224214-9 s 1\p DE-604 Hinterschweiger, Marc Sonstige oth http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=399704 Aggregator Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Gagnon, Joseph E. Flexible exchange rates for a stable world economy BUSINESS & ECONOMICS / Foreign Exchange bisacsh Foreign exchange rates fast Monetary policy fast Wirtschaft Foreign exchange rates Monetary policy Wechselkurspolitik (DE-588)4131291-0 gnd Wirkungsanalyse (DE-588)4224214-9 gnd Flexibler Wechselkurs (DE-588)4017520-0 gnd |
| subject_GND | (DE-588)4131291-0 (DE-588)4224214-9 (DE-588)4017520-0 |
| title | Flexible exchange rates for a stable world economy |
| title_auth | Flexible exchange rates for a stable world economy |
| title_exact_search | Flexible exchange rates for a stable world economy |
| title_full | Flexible exchange rates for a stable world economy Joseph E. Gagnon ; with Marc Hinterschweiger |
| title_fullStr | Flexible exchange rates for a stable world economy Joseph E. Gagnon ; with Marc Hinterschweiger |
| title_full_unstemmed | Flexible exchange rates for a stable world economy Joseph E. Gagnon ; with Marc Hinterschweiger |
| title_short | Flexible exchange rates for a stable world economy |
| title_sort | flexible exchange rates for a stable world economy |
| topic | BUSINESS & ECONOMICS / Foreign Exchange bisacsh Foreign exchange rates fast Monetary policy fast Wirtschaft Foreign exchange rates Monetary policy Wechselkurspolitik (DE-588)4131291-0 gnd Wirkungsanalyse (DE-588)4224214-9 gnd Flexibler Wechselkurs (DE-588)4017520-0 gnd |
| topic_facet | BUSINESS & ECONOMICS / Foreign Exchange Foreign exchange rates Monetary policy Wirtschaft Wechselkurspolitik Wirkungsanalyse Flexibler Wechselkurs |
| url | http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=399704 |
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