Essays on Rational Expectations and Flexible Exchange Rates Routledge Library Editions: Exchange Rate Economics Series
Auteur : Saidi Nasser
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.
1. Introduction and Overview 2. Fluctuating Exchange Rates and the International Transmission of Economic Disturbances 3. "Real" and Nominal Exchange Rates in an Uncertain World: The Traded Non-Traded Goods Nexus 4. Cyclical Variations of the Exchange Rate and the Terms of Trade 5. Rational Expectations, Purchasing Power Parity and the Business Cycle
Date de parution : 08-2018
15.6x23.4 cm
Date de parution : 04-2017
15.6x23.4 cm
Thème d’Essays on Rational Expectations and Flexible Exchange Rates :
Mots-clés :
Full Current Information; International Economy; Expected Future Prices; International Industry; Market Clearing Condition; World Economy; Domestic Money Stock; economic policy; Excess Demand; global economics; Real Excess Demand; global economy; Current Information Set; international finance; Current Price Movements; World Price Movements; Wealth Elasticities; Money Stock; Non-traded Goods; Foreign Import Demand; Unanticipated Portions; Home Import Demand; Intertemporal Substitution Effects; Money Supply Shock; World Price Level; Aggregate Money Stocks; Faster Adjustment Speeds; Domestic Price Level; Aggregate Disturbances; Conditional Expectation; Real Disturbances; Exchange Rate Determination