Series: Routledge Library Editions: Exchange Rate Economics. Num Pages: 209 pages. BIC Classification: KCLF; KCP; KFCP. Category: (UP) Postgraduate, Research & Scholarly. Dimension: 234 x 156. . . 2017. 1st Edition. hardcover. . . . . Books ship from the US and Ireland.

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Bibliographic Details

Title: Essays on Rational Expectations and Flexible Exchange Rates
Publisher: Routledge
Publication Date: 2017
Language: English
ISBN 10: 1138631485
ISBN 13: 9781138631489
Binding: Hardcover
Condition: New

About this title

Synopsis

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.

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Nasser Saidi

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