One aim of this book is to examine the causes of fluctuations in the mark/dollar, pound/dollar, and yen/dollar real exchange rates for the period 1972-1994 with quarterly data to determine appropriate policy recommendations to reduce these movements. A second aim is to investigate whether the three real exchange rates are covariance-stationary or not and to which extent they are covariance-stationary, respectively. These aims are reached by using a two-country overshooting model for real exchange rates with real government expenditure and by applying Johansen's maximum likelihood cointegration procedure and a factor model of Gonzalo and Granger to this model.
| Autorius: | Sven-Morten Mentzel |
| Serija: | Contributions to Economics |
| Leidėjas: | Physica-Verlag HD |
| Išleidimo metai: | 1998 |
| Knygos puslapių skaičius: | 120 |
| ISBN-10: | 3790810819 |
| ISBN-13: | 9783790810813 |
| Formatas: | Knyga minkštu viršeliu |
| Kalba: | Anglų |
| Žanras: | Economic theory and philosophy |
Parašykite atsiliepimą apie „Real Exchange Rate Movements: An Econometric Investigation into Causes of Fluctuations in Some Dollar Real Exchange Rates“
