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Essays on Rational Expectations and Flexible Exchange Rates

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Paperback, 208 blz. | Engels
Taylor & Francis | 1e druk, 2018
ISBN13: 9781138631496
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Taylor & Francis 1e druk, 2018 9781138631496
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Originally published in 1982. This book deals with exchange-rate determination and the implications of floating rate regimes for the time paths of prices and quantities. It develops a class of stochastic equilibrium models of the open economy operating under flexible exchange rates, assuming that agents are endowed with rational expectations but do not possess full current information as to the state of the world. Chapters look at a model’s response to economic disturbances, the effect on non-traded goods, and cyclical variations of the terms of trade. The final chapter considers a model to investigate purchasing parity issues.

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ISBN13:9781138631496
Taal:Engels
Bindwijze:Paperback
Aantal pagina's:208
Druk:1

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€ 50,26
Levertijd ongeveer 11 werkdagen
Gratis verzonden

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        Essays on Rational Expectations and Flexible Exchange Rates