On Interpreting the Random Walk Behavior of Nominal and Real Exchange Rates

On Interpreting the Random Walk Behavior of Nominal and Real Exchange Rates
The random walk property of exchange rates is frequently regarded as carrying strong implications for the kinds of shocks that have driven exchange rates and the models appropriate for analyzing their behavior. This paper conducts stochastic simulations of Dornbusch's (1976) sticky-price monetary model, calibrated for representative parameter... READ MORE...

Publication date: January 1991
ISBN 9781451842340
$15.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

Paperback

Publication date: January 1991

PDF

Publication date: January 1991

ePub

Publication date: January 1991

Mobi

Publication date: January 1991

English