; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "Fixed vs. Floating Exchange Rates: A Dynamic General Equilibrium Analysis"; ; "batchuser@example.com"; "Miller, Preston J.", "Chin, Daniel M."; "Federal Reserve Bank of Minneapolis"; "Dynamic general equilibrium", "Monetary policy", "Exchange rate regimes"; "E50 - Monetary Policy, Central Banking, and the Supply of Money and Credit: General", "C60 - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling: General", "F41 - Open Economy Macroeconomics"; "In this study we contrast fixed and floating exchange rate regimes in a dynamic general equilibrium model. We find that the fundamental difference in the regimes is in the courses they imply for monetary policies. Because of policy coordination requirements, a tighter monetary policy needed to maintain a fixed exchange rate may necessitate a tightening in budget policy as well. We show that under some initial conditions voters or a social planner will favor one regime, but under other conditions they will favor the other. However, the choices of voters and a social planner are almost diametrically opposed."^^; "1995-07"; "2019-09-13T20:39:33.1256305+00:00"^^; "https://doi.org/10.21034/sr.194"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "Thu Nov 7 22:08:23 2019"; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "524", "136"; "Staff report (Federal Reserve Bank of Minneapolis. Research Department)"; "194"; "Dynamic general equilibrium", "Exchange rate regimes", "Monetary policy"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; "Published in: _European Economic Review_ (Vol 42, No. 7, 1998, pp. 1221-1249) https://doi.org/10.1016/S0014-2921(97)00069-X. "^^; ; "Publication" . ; .