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Title: |
A Note on Exchange Rate Trend-Stationarity |
| Author: |
Sephton, Peter
S. |
| Author
Affiliation: |
U New Brunswick |
| Source: |
International Economic Journal, Summer 1989, v. 3, no. 2, pp. 73-77 |
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Publication Date: |
Summer 1989 |
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Abstract: |
This note extends Goodfriend (1987) to a
small open economy to demonstrate that the exchange rate may be
non-trend-stationary if the monetary authorities attempt to smooth both
the price level and the exchange rate. |
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