A careful basic theoretical and econometric analysis of the factors determining the real exchange rates of Canada, the U.K., Japan, France and Germany with respect to the United States is conducted.
Produktinformation
Utgivningsdatum2014-10-31
Mått155 x 235 x undefined mm
FormatHäftad
SpråkEngelska
Antal sidor404
FörlagSpringer-Verlag Berlin and Heidelberg GmbH & Co. KG
A Theoretical Framework.- Specifications and Assumptions.- Underlying Equilibrium Growth Paths.- Variations in Employment.- Some Important Implications.- Exchange Rate Overshooting.- Exchange Rate Determination.- Issues Regarding Exchange Rate Determination.- Time Series Properties of Observed Exchange Rate Movements.- Efficient Markets and Exchange Rate Forecasts.- The Role of Real Shocks in Determining Real Exchange Rates: The Evidence.- The Role of Money Supply Shocks in Determining Real Exchange Rates: The Evidence.- Further Evidence from a Blanchard-Quah VAR Analysis.- Implications for Monetary Policy.- The Model.- Monetary Policy and Exchange Rates.- Corroborating and Other Evidence.- Conclusions and Suggestions for Future Work.