Output variability in an open-economy macro model with variance-dependent parameters
By: Warren E. Weber.
Series: Federal Reserve Bank of Minneapolis, Research Department staff report -- 94; Staff report (Federal Reserve Bank of Minneapolis. Research Dept. : Online) -- 94.
Publisher: Federal Reserve Bank of Minneapolis
Published: 1984
Place of publication: [Minneapolis, Minn.]
Language: eng
Format: Electronic resource
Subjects: Money supply -- Mathematical models.; Foreign exchange rates -- Mathematical models.
Description: "This paper analyzes the variability of output under money supply and exchange rate rules in an open economy in which the slope of the aggregate supply curve depends on the variances of aggregate demand and market-specific innovations.  It demonstrates that results regarding the dominance of one rule over the other when the slope of the aggregate supply curve is constant are reversed when the slope of the aggregate supply curve depends on the variances of innovations and these variances are sufficiently large"--Federal Reserve Bank of Minneapolis web site.
Notes: Title from PDF file as viewed on 11/9/2007.

Includes bibliographical references.

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