Comment on T. Persson, ' Global effects of national stabilization policies under fixed and floating exchange rates'.

A. Razin

doi:10.2307/3439634

Comment on T. Persson, ' Global effects of national stabilization policies under fixed and floating exchange rates'.

A. Razin

School of Economics

Research output: Contribution to journal › Article › peer-review

Abstract

Criticises the paper's approach to the key issue of wage setting as being ad hoc; argues rather that nominal wage contracts are determined prior to the period in which they become effective. Also considers monetary changes as unanticipated by the private sector and ones that cannot be controlled by monetary authorities. -P.Creese (CDS)

Original language	English
Pages (from-to)	193-197
Number of pages	5
Journal	University of Stockholm, Institute for International Economic Studies, Reprint Series
Volume	188
DOIs	https://doi.org/10.2307/3439634
State	Published - 1982

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Comment on T. Persson, ' Global effects of national stabilization policies under fixed and floating exchange rates'.

Abstract

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