A Dynamic Disequilibrium Comparison of Fixed and Free Exchange-Rate Regimes.

This article constructs a disequilibrium model that traces out the long-run time path of different exchange-rate regimes. It assumes that the money wage adjusts slowly and transactions can occur at labor market disequilibrium. Unemployment generated from this type of economic behavior is typically i...

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Publicado en:	American Economic Review Vol. 69; no. 5; pp. 843 - 855
Autor principal:	Chan, Kenneth S.
Formato:	Artículo
Publicado:	American Economic Association Dec79
Materias:	Foreign exchange rates Demand function Economic equilibrium Foreign exchange Unemployment Time & economic reactions Commercial products Labor market
Acceso en línea:	Ver este registro en EBSCOhost