The optimal crawl. A comment

Harry R. Clarke*, Geoffrey H. Kingston

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

3 Citations (Scopus)


This paper shows that the optimal exchange rate policies proposed by Mathieson will exist only for 'perverse' money demand function. In general these policies will minimise rather than maximise steady-state consumption.

Original languageEnglish
Pages (from-to)131-136
Number of pages6
JournalJournal of International Economics
Issue number1
Publication statusPublished - 1979
Externally publishedYes


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