Construct · 1 fields · 1 citations

Mussa puzzle: a standalone construct

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International macroeconomics

the finding that real exchange rates become much more volatile when nominal rates float, suggesting nominal regimes have real effects.

In international macroeconomics, Mussa puzzle refers to the finding that real exchange rates become much more volatile when nominal rates float, suggesting nominal regimes have real effects. This meaning comes from Mussa (1986) in Carnegie-Rochester Conference Series on Public Policy.[1]

Unit
Recovery means
Measured by

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Nearby constructs

exchange4 fields · 7 citationsjingle · one word, four constructs float3 fields · 3 citationsjingle · one word, three constructs nominal2 fields · 2 citationsjingle · one word, two constructs

References

Mussa, M. (1986). Nominal exchange rate regimes and the behavior of real exchange rates: Evidence and implications. Carnegie-Rochester Conference Series on Public Policy, 25, 117-214. https://doi.org/10.1016/0167-2231(86)90039-4

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