Essays on Rational Expectations and Flexible Exchange Rates
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A01=Nasser Saidi
Aggregate Disturbances
Aggregate Money Stocks
Author_Nasser Saidi
business cycle analysis
Category=KCL
Category=KCP
Category=KFCP
Conditional Expectation
Current Information Set
Current Price Movements
Domestic Money Stock
Domestic Price Level
economic policy
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Excess Demand
Exchange Rate Determination
Expected Future Prices
Faster Adjustment Speeds
Foreign Import Demand
Full Current Information
global economics
global economy
Home Import Demand
incomplete information exchange rate models
International Economy
international finance
International Industry
international macroeconomics
Intertemporal Substitution Effects
Market Clearing Condition
Money Stock
Money Supply Shock
Non-traded Goods
open economy modelling
purchasing power parity theory
Real Disturbances
Real Excess Demand
stochastic equilibrium
traded non-traded goods
Unanticipated Portions
Wealth Elasticities
World Economy
World Price Level
World Price Movements
Product details
- ISBN 9781138631489
- Weight: 550g
- Dimensions: 156 x 234mm
- Publication Date: 13 Apr 2017
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
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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.
