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pro vyhledávání: '"Pingfai Chan"'
Autor:
Faik Koray, Pingfai Chan
Publikováno v:
Applied Economics. 23:1551-1558
This paper investigates the effects of govenment spending on real and nominal exchange rates within the context of an open economy equilibrium rational expectations model. The model predicts that both real and nominal exchange rates appreciate in res
Autor:
Faik Koray, Pingfai Chan
Publikováno v:
The Canadian Journal of Economics. 21:97
This paper examines the role of fiscal policy in the determination of the exchange rate in a small open economy and discusses the efficiency of feedback rules in minimizing the volatility of the exchange rate. Two criteria are introduced to stabilize