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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What do We Really Know about Real Exchange Rates?,un 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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Exchange Rates and Economic Fundamentals: A Methodological Comparison of Beers and Feers,balance) and a current account that is sustainable, i.e., that reflects underlying and desired net capital flows (external balance). This exchange rate concept is denoted as “fundamental” in that it abstracts from short-term factors and emphasizes instead determinants that are important over the med

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0924-199X e 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.978-94-010-5896-4978-94-011-4411-7Series ISSN 0924-199X

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Majid Hosseini,Muhammad Aqeel Ashrafe nominal exchange rate would move proportionately with relative prices, which are determined by relative money stocks/GDP. This is referred to as the Monetary Model-PPP hypothesis. By the mid 1980s, economists concluded that these expectations were belied.

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Francky Catthoor,Lars Svensson,Klaus W?lckente the importance of the methodology, much less work has been done to investigate how sensitive these calculations are to exogenous assumptions, or to weaknesses in the underlying structure. This chapter aims to fill this gap.

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https://doi.org/10.1007/978-981-97-1298-4nd investment fund managers. One of the attractive features of this collection of papers is that they encompass all of the competing views of equilibrium exchange rate determination, from PPP, to other reduced form models, through to the macroeconomic balance approach.

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