| Author | : Christian Pierdzioch |
| File Size | : 49,5 Mb |
| Publisher | : Unknown |
| Language | : English |
| Release Date | : 18 May 2024 |
| ISBN | : UCSD:31822031650443 |
| Pages | : 48 pages |
Download or read online Exchange Rate Expectations Redux and Monetary Policy written by Christian Pierdzioch, published by Unknown which was released on 2002. Get Exchange Rate Expectations Redux and Monetary Policy Books now! Available in PDF, ePub and Kindle.
Get BookClassical theories of monetary economics predict that real stock returns are negatively correlated with inflation when monetary policy is countercyclical. Previous empirical studies mostly focus on a small group of developed countries or a few countries with hyperinflation. In this paper, I examine the stock return-inflation relation under different monetary
Get BookDownload or read online Exchange Rate Dynamics Redux written by Maurice Obstfeld,Kenneth S. Rogoff, published by Unknown which was released on 1995. Get Exchange Rate Dynamics Redux Books now! Available in PDF, ePub and Kindle.
Get BookMilton Friedman argued that flexible exchange rates would facilitate external adjustment. Recent studies find surprisingly little robust evidence that they do. We argue that this is because they use composite (or aggregate) exchange rate regime classifications, which often mask very heterogeneous bilateral relationships between countries. Constructing a novel dataset of
Get BookWith the breakdown of the Bretton Woods System and the begin of floating between the major currencies, central banks have been formally freed from their obligations to defend the fixed parities of bilateral exchange rates. Nev ertheless, since then there have been countless occasions on which monetary authorities have officially
Get BookWe re-examine the monetary approach to the exchange rate from a number of perspectives, using monthly data on the deutschemark-dollar exchange rate. Using the Campbell-Shiller technique for testing present value models, we reject the restrictions imposed upon the data by the forward-looking rational expectations monetary model. We demonstrate, however, that
Get BookThis volume grew out of a National Bureau of Economic Research conference on exchange rates held in Bellagio, Italy, in 1982. In it, the world's most respected international monetary economists discuss three significant new views on the economics of exchange rates - Rudiger Dornbusch's overshooting model, Jacob Frenkel's and Michael Mussa's
Get BookOriginally published in 1986. This helpful text sets out what appears to make exchange rates change and shows how these various factors contribute to an explanation of the past. It considers the problems of providing satisfactory forecasts of the exchange rate while presenting the methods used, outlining their drawbacks and speculating
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