Construct · 1 fields · 1 citations

Baxter-Stockman puzzle: a standalone construct

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International macroeconomics

the finding that business cycle behavior of output and trade changes little across fixed and floating exchange rate regimes.

In international macroeconomics, Baxter-Stockman puzzle refers to the finding that business cycle behavior of output and trade changes little across fixed and floating exchange rate regimes. This meaning comes from Baxter (1989) in Journal of Monetary Economics.[1]

Unit
Recovery means
Measured by

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Nearby constructs

business1 fields · 1 citationsanchor · a standalone construct cycle4 fields · 4 citationsjingle · one word, four constructs exchange4 fields · 7 citationsjingle · one word, four constructs

References

Baxter, M., & Stockman, A. C. (1989). Business cycles and the exchange-rate regime. Journal of Monetary Economics, 23(3), 377-400. https://doi.org/10.1016/0304-3932(89)90039-1

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