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Essays on Rational Expectations and Flexible Exchange Rates

Nasser Saidi



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29 August 2018
International finance; Political economy; Public finance accounting
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.
By:   Nasser Saidi
Imprint:   Routledge
Country of Publication:   United Kingdom
Dimensions:   Height: 234mm,  Width: 156mm, 
Weight:   454g
ISBN:   9781138631496
ISBN 10:   1138631493
Series:   Routledge Library Editions: Exchange Rate Economics
Pages:   205
Publication Date:   29 August 2018
Audience:   College/higher education ,  Further / Higher Education
Format:   Paperback
Publisher's Status:   Active
1. Introduction and Overview 2. Fluctuating Exchange Rates and the International Transmission of Economic Disturbances 3. Real and Nominal Exchange Rates in an Uncertain World: The Traded Non-Traded Goods Nexus 4. Cyclical Variations of the Exchange Rate and the Terms of Trade 5. Rational Expectations, Purchasing Power Parity and the Business Cycle

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