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Erschienen in:
1977 | OriginalPaper | Buchkapitel
Comment on R. N. Cooper, “Monetary Theory and Policy in an Open Economy”
verfasst von : Per Meinich
Erschienen in: Flexible Exchange Rates and Stabilization Policy
Verlag: Palgrave Macmillan UK
Enthalten in: Professional Book Archive
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My impression is that Richard Cooper has given a very clear and good survey of questions concerning the effectiveness of various instruments of stabilization policy and the frequency and amplitudes of disturbances to macroeconomic stability in national economies under alternative exchange rate regimes. However, it might be argued that the paper raises more problems than it solves.