| Essays on Rational Expectations and Flexible Exchange Rates Contributor(s): Saidi, Nasser (Author) |
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ISBN: 1138631493 ISBN-13: 9781138631496 Publisher: Routledge OUR PRICE: $44.60 Product Type: Paperback - Other Formats Published: August 2018 |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - General |
| Series: Routledge Library Editions: Exchange Rate Economics |
| Physical Information: 0.44" H x 6.14" W x 9.21" (0.66 lbs) 208 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: 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. |