Purchasing Power Parity and the International Transmission of Price Disturbances Under Alternative Exchange Rate Regimes PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Purchasing Power Parity and the International Transmission of Price Disturbances Under Alternative Exchange Rate Regimes PDF full book. Access full book title Purchasing Power Parity and the International Transmission of Price Disturbances Under Alternative Exchange Rate Regimes by Georg Junge. Download full books in PDF and EPUB format.
Author: Georg Junge
Publisher: Transaction Publishers
ISBN: 9781412832540
Category : Business & Economics
Languages : en
Pages : 256
Get Book Here
Book Description
Author: Georg Junge
Publisher: Transaction Publishers
ISBN: 9781412832540
Category : Business & Economics
Languages : en
Pages : 256
Get Book Here
Book Description
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 54
Get Book Here
Book Description
The use of purchasing power parity as a basis of fixing exchange rates among industrial countries, as proposed by McKinnon, is discussed and contrasted with alternative interpretations of the PPP doctrine. Major policy implications of such a regime are emphasized. Furthermore, a new technique for estimating PPP exchange rates which makes use of price pressure exerted by exchange deviation is introduced. This method is capable of solving the “base-year” problem more satisfactorily than the traditional Cassel-Keynes methodology. Estimated yen/dollar and mark/dollar PPP exchange rates are close to estimates derived using other methods.
Author: Georg Junge
Publisher:
ISBN:
Category :
Languages : en
Pages : 476
Get Book Here
Book Description
Author: Louka T. Katseli
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 58
Get Book Here
Book Description
Author: Ronald I. McKinnon
Publisher:
ISBN:
Category : Monetary policy
Languages : en
Pages : 90
Get Book Here
Book Description
Author: Kenneth W. Clements
Publisher: Cambridge University Press
ISBN: 110701476X
Category : Business & Economics
Languages : en
Pages : 401
Get Book Here
Book Description
Discusses economic issues associated with exchange rates, commodity prices, the economic size of countries and alternatives to PPP exchange rates.
Author: Lawrence H. Officer
Publisher: Greenwich, Conn. : JAI Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 394
Get Book Here
Book Description
Evolution of PPP theory; Modern PPP theory and practice; Selected PPP studies.
Author: Mr.Marco Airaudo
Publisher: International Monetary Fund
ISBN: 1475523165
Category : Business & Economics
Languages : en
Pages : 65
Get Book Here
Book Description
We analyze coordination of monetary and exchange rate policy in a two-sector model of a small open economy featuring imperfect substitution between domestic and foreign financial assets. Our central finding is that management of the exchange rate greatly enhances the efficacy of inflation targeting. In a flexible exchange rate system, inflation targeting incurs a high risk of indeterminacy where macroeconomic fluctuations can be driven by self-fulfilling expectations. Moreover, small inflation shocks may escalate into much larger increases in inflation ex post. Both problems disappear when the central bank leans heavily against the wind in a managed float.
Author: Robert C. Feenstra
Publisher:
ISBN:
Category : Foreign exchange rates
Languages : en
Pages : 56
Get Book Here
Book Description
In this paper we develop and test two hypotheses about purchasing power parity (PPP) derived from the pricing behavior of profit- maximizing, exporting firms. The first is that changes in the price of traded goods relative to domestic substitutes, due to partial pass- through of exchange rates, will affect the PPP relation. The second is that PPP should hold on forward rather than spot exchange rates, due to hedging by firms. Using quarterly data for the United States, Canada, France, Germany, Japan and the United Kingdom, we find considerable support for the first but not the second hypothesis.
Author: Ronald MacDonald
Publisher: Routledge
ISBN: 1134838220
Category : Foreign exchange
Languages : en
Pages : 334
Get Book Here
Book Description
''In summary, the book is valuable as a textbook both at the advanced undergraduate level and at the graduate level. It is also very useful for the economist who wants to be brought up-to-date on theoretical and empirical research on exchange rate behaviour.'' ""Journal of International Economics""
