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Taiwan'S Exchange Rate And Macroeconomic Policies Over The Business Cycle

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  • SHIU-SHENG CHEN

    (Department of Economics, National Taiwan University, No. 21, Hsu-Chow Road, Taipei, Taiwan)

  • TSONG-MIN WU

    (Department of Economics, National Taiwan University, No. 21, Hsu-Chow Road, Taipei, Taiwan)

Abstract

This paper investigates exchange rate and monetary policies over the business cycle in Taiwan. We first characterize the business cycle dynamics in Taiwan and identify foreign shocks as the main cause of any fluctuations. We then briefly review the exchange rate system and policy operating in Taiwan since the early 1980s. Finally, we investigate the current recession, and discuss how the Taiwanese government is dealing with the economic slowdown.

Suggested Citation

  • Shiu-Sheng Chen & Tsong-Min Wu, 2010. "Taiwan'S Exchange Rate And Macroeconomic Policies Over The Business Cycle," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 55(03), pages 435-457.
    • Handle: RePEc:wsi:serxxx:v:55:y:2010:i:03:n:s0217590810003833
    DOI: 10.1142/S0217590810003833
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    More about this item

    Keywords

    Exchange rate policy; macroeconomic policy; business cycles; F31; E32; E63;
    All these keywords.

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy

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