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.
| ISBN: | 9783790810813 |
| Publication date: | 15th January 1998 |
| Author: | SvenMorten Mentzel |
| Publisher: | Physica an imprint of Physica-Verlag HD |
| Format: | Paperback |
| Pagination: | 109 pages |
| Series: | Contributions to Economics |
| Genres: |
International economics Economic theory and philosophy |
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.
Real Exchange Rate Movements features in the following genres: International economics, Economic theory and philosophy
Paperback. Not Available.
Real Exchange Rate Movements was written by SvenMorten Mentzel and published by Physica an imprint of Physica-Verlag HD
Real Exchange Rate Movements has 109 pages
Yes it is part of Contributions to Economics series