Essays on Rational Expectations and Flexible Exchange Rates

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.

List of contents

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

About the author

Nasser Saidi

Summary

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.

Product details

• Authors: Nasser Saidi, Nasser Amin Hassan Saidi
• Publisher: Taylor & Francis Ltd.
• Languages: English
• Product format: Paperback / Softback
• Released: 30.09.2018
• EAN: 9781138631496
• ISBN: 978-1-138-63149-6
• No. of pages: 208
• Series: Routledge Library Editions: Exchange Rate Economics; Routledge Library Editions: Exchange Rate Economics
• Subjects: Social sciences, law, business > Business > General, dictionaries; Business & Economics / General, Economics, Business and Management, BUSINESS & ECONOMICS / Economics / General, International Economics, Political Economy, International Finance, Public finance accounting