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| Tekijä: | Bergvall, A. |
| Otsikko: | Exchange rate regimes and macroeconomic stability: the case of Sweden |
| Lehti: | Oxford Economic Papers
2005 : JUL. VOL. 57:3, p. 422-446 |
| Asiasana: | Economic stability Exchange rates Macroeconomics Sweden |
| Kieli: | eng |
| Tiivistelmä: | This article investigates the relevance of the exchange rate regime for macroeconomic stability. Hypothetical macroeconomic developments are simulated under different hypothetical regimes in Sweden during the period 1974-94. The main question is how stable output would have been if Sweden had had a floating exchange rate regime. Would it have been better with a floating exchange rate the actual quasi-fixed regime? Also the development with an irrevocably fixed exchange rate is investigated. The findings indicate that the choice of exchange rate regime does influence macroeconomic stability. |
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