Titlebook: Exchange Rates in Multicountry Econometric Models; Paul Grauwe (Professor of Economics),Theo Peeters Book 1983 Palgrave Macmillan, a divi

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蛙鳴聲

Safouan Azouzi,Loredana Di Lucchioetermination of the exchange rates of the major European currencies, particularly those that have operated under the institutional constraints of the European Monetary Agreement in the seventies (the European ‘snake’) and of the European Monetary System since 1979.

paleolithic

How Much Simplification is Wise in Modelling Exchange Rates?,ion of the minimum degree of sophistication that is wise in analysing exchange rates. My concern with this question should not imply, however, any brief in favour of complexity as such. My only objection to rudimentary models is that they do not work..

OASIS

The Relation Between the Current Account and the Exchange Rate: a Survey of the Recent Literature,only brief references to recent work in such areas as the estimation of import/export demand elasticities. My approach has been to ask ‘What do “consumers” of research in this area find when they go to the literature?’.

敘述

A Portfolio Approach to the Determination of Exchange Rates Within a Multicountry Model, about a hundred behavioural equations for the Italian model to about eight hundred for the French one, and overall they produce a system which cannot be compared with a centrally structural multinational model which has a uniform structure across countries..

Obligatory

Exposition

誘使

Revision of Exchange-Rate Determination in the MCM,e flows are determined bilaterally and service account and private and official capital flows multilaterally. Bilateral exchange rates for the dollar against the mark, yen, pound and Canadian dollar are determined endogenously.

摘要記錄

How Much Simplification is Wise in Modelling Exchange Rates?,ate which is dependable. The same set of equations usually yields substantially different results for different data samples, even with respect to sign, and our successful efforts tend to break down with the extension of the sample period. In these circumstances, it is important to examine the quest

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Macroeconomic Implications of Alternative Exchange-Rate Models,fluenced by, all of the important forces of the economy. The general move during the seventies to more flexible exchange rates has given rise to a variety of apparently competing theories of exchange-rate determination. Some of these theories have been subjected to single-equation tests of quasi-red