Business Cycles and Exchange Rate Regimes

Business Cycles and Exchange Rate Regimes

Theory and Evidence from Eight Industrialized Economics

Evaluation of the exhange rate regime in the process of business cycles and in conjunction with an intertemporal dynamic model of a monetary open economy. Analysis of microeconomic foundations of real economic activities (real production, real consumption and real investment) with the role that central banks play under alternative exchange rate regimes in terms of intervention activities in the foreign echange market.

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