@techreport{c8c903a6ab68486db1193ff3f6c284eb,
title = "Exchange rate-based stabilization. Pleasant monetary dynamics?",
abstract = "High inflation economies have ultimately been successful in stabilising their prices using the exchange rate as a nominal anchor. Besides stabilization, these recent examples have shown boom-recession cycles, contrary to what can be expected from (pure) money-based stabilizations. Various theoretical explanations of such boom-cycles are discussed and a model of aggregate supply and demand generating such an outcome is developed. There the boom dynamics depend mainly on a slump in real interest rates and wage flexibility. (author's abstract)",
author = "Wehinger, {Gert D.}",
year = "1997",
doi = "10.57938/c8c903a6-ab68-486d-b119-3ff3f6c284eb",
language = "English",
series = "Department of Economics Working Paper Series",
number = "50",
publisher = "Inst. f{\"u}r Volkswirtschaftstheorie und -politik, WU Vienna University of Economics and Business",
edition = "Vienna 1997",
type = "WorkingPaper",
institution = "Inst. f{\"u}r Volkswirtschaftstheorie und -politik, WU Vienna University of Economics and Business",
}