@article{5f77436873b445328dc976f3a67b73eb,
title = "Comment on {"}Price Stability and the Case for Flexible Exchange Rates{"}",
author = "Max Gillman",
note = "The paper considers how monetary policy affects a small open economy with a flexible exchange rate system, and how shocks affect both this economy versus one with a fixed exchange rate. The basic question is whether flexible exchange rate systems lead to higher welfare than fixed exchange rate systems and the answer given is that yes flexible is better in most cases.",
year = "2010",
month = feb,
language = "American English",
volume = "21",
journal = "Open Economics Review",
}