Impact of Price Uncertainty : A Study of Brazilian Exchange Rate Policy
Language: English
Published by Routledge, 2018
- Softcover
- Used
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- Title
- Impact of Price Uncertainty : A Study of Brazilian Exchange Rate Policy
- Author
- Coes, Don
- Publisher
- Routledge
- Publication year
- 2018
- Condition
- As New
- Binding
- Soft cover
- Language
- English
- ISBN 10
- 1138633631
- ISBN 13
- 9781138633636
Originally published in 1979. This book addresses three questions regarding uncertainty in economic life: how do we define uncertainty and use the concept meaningfully to provide conclusions; how can the level of uncertainty associated with a particular variable of economic interest be measured; and does experience provide any support for the view that uncertainty really matters. It develops a theory of the effect of price uncertainty on production and trade, takes a graphical approach to look at effects of a mean preserving spread to create rules for ordering distributions, and finishes with an econometric analysis of the effects of Brazil’s adoption of a crawling peg in reducing real exchange rate uncertainty. This is an important early study into the significance of uncertainty.
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