Abstract
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 language | English |
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Pages (from-to) | 131-136 |
Number of pages | 6 |
Journal | Journal of International Economics |
Volume | 9 |
Issue number | 1 |
DOIs | |
Publication status | Published - 1979 |
Externally published | Yes |