The Impact of Price Uncertainty: A Study of Brazilian Exchange Rate Policy Contributor(s): Coes, Donald V. (Author) |
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ISBN: 1138633623 ISBN-13: 9781138633629 Publisher: Routledge OUR PRICE: $138.60 Product Type: Hardcover - Other Formats Published: April 2017 |
Additional Information |
BISAC Categories: - Business & Economics | Economic History - Business & Economics | Economics - General |
Series: Routledge Library Editions: Exchange Rate Economics |
Physical Information: 284 pages |
Descriptions, Reviews, Etc. |
Publisher Description: Originally published in 1979. This book addresses three questions regarding uncertainty in economic life: how do we define uncertainty and use the concept meaningfully to provide conclusions; how can the level of uncertainty associated with a particular variable of economic interest be measured; and does experience provide any support for the view that uncertainty really matters. It develops a theory of the effect of price uncertainty on production and trade, takes a graphical approach to look at effects of a mean preserving spread to create rules for ordering distributions, and finishes with an econometric analysis of the effects of Brazil's adoption of a crawling peg in reducing real exchange rate uncertainty. This is an important early study into the significance of uncertainty. |