1 option
Money and Exchange Rates in the Grossman-Weiss-Rotemberg Model / Fernando Alvarez, Andrew Atkeson.
- Format:
- Book
- Author/Creator:
- Alvarez, Fernando.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w5678.
- NBER working paper series no. w5678
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1996.
- Summary:
- We examine the impact of monetary injections in the Grossman-Weiss-Rotemberg Model and show that monetary shocks can lead to nominal exchange rates that are more volatile than inflation, money growth or interest rate differentials. Moreover, movements in real exchange rates following monetary injections can be persistent and nearly as large as movements in nominal exchange rates nominal exchange rates.
- Notes:
- Print version record
- July 1996.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.