書目名稱 | Equilibrium Exchange Rates |
編輯 | Ronald MacDonald,Jerome L. Stein |
視頻video | http://file.papertrans.cn/314/313475/313475.mp4 |
叢書名稱 | Recent Economic Thought |
圖書封面 |  |
描述 | . .How successful is PPP, and its extensionin the monetary model, as a measure of the equilibrium exchange rate?..What are the determinants and dynamics of equilibrium realexchange rates? ..How can misalignments be measured, and what aretheir causes? ..What are the effects of specific policies upon theequilibrium exchange rate? .. .The answers to these questions are important to academic theorists,policymakers, international bankers and investment fund managers. Thisvolume encompasses all of the competing views of equilibrium exchangerate determination, from PPP, through other reduced form models, tothe macroeconomic balance approach. .This volume is essentially empirical: what do we know about exchangerates? The different econometric and theoretical approaches taken bythe various authors in this volume lead to mutually consistentconclusions. This consistency gives us confidence that significantprogress has been made in understanding what are the fundamentaldeterminants of exchange rates and what are the forces operating tobring them back in line with the fundamentals. |
出版日期 | Book 1999 |
關(guān)鍵詞 | calculus; dynamics; econometrics; equilibrium; macroeconomics |
版次 | 1 |
doi | https://doi.org/10.1007/978-94-011-4411-7 |
isbn_softcover | 978-94-010-5896-4 |
isbn_ebook | 978-94-011-4411-7Series ISSN 0924-199X |
issn_series | 0924-199X |
copyright | Springer Science+Business Media New York 1999 |