Titlebook: Equilibrium Exchange Rates; Ronald MacDonald,Jerome L. Stein Book 1999 Springer Science+Business Media New York 1999 calculus.dynamics.eco

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Shifters and Leading Bit Counters over very long time-spans that encompass both fixed and flexible exchange rate regimes [e.g., Abuaf and Jorion (1990), Grilli and Kaminsky (1991) and Lothian and Taylor (1996)] or by combining time-series and cross-sectional observations across countries [Frankel and Rose (1996), Papell (1997), Mac

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Hardware Architecture for Edge Detection, recent developments in the time series literature, rather than any new theoretical interest in the determinants of long-run exchange rates. Nevertheless, this work is interesting since, in summary form, it suggests that sensible long-run relationships can be derived, particularly when the span of t

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Conclusion and Future Lines of Research,ative prices.. In general, this line of research has established that for the recent floating period weak-form purchasing power parity (PPP) would seem to hold on a single currency basis, but strong-form PPP does not.. Additionally, the adjustment to equilibrium in PPP-based equations is painfully s

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https://doi.org/10.1007/978-3-642-45401-1derived from several models. Therefore, the degree and the duration of exchange rate misalignment can be observed by comparing the actual exchange rates with our estimated long-run rates. We furthermore address graphically potential problems in estimating long-run exchange rate levels; in particular

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Book 1999heoretical 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.

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SpringerBriefs in Public Healthun context? There is some evidence to suggest that it does not, so one important theme in any discussion of real exchange rates concerns trying to quantify the importance of relative prices in explaining nominal exchange rate movements. As we shall see, much of this debate focuses on the magnitude o

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