The American Economic Review, Volume 70American Economic Association., 1980 Includes annual List of doctoral dissertations in political economy in progress in American universities and colleges; and the Hand book of the American Economic Association. |
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Página 776
Exchange Rate Dynamics , Portfolio Balance , and Relative Prices By ROBERT DRISKILL * X - Inefficiency and Nonpecuniary Rewards in a Rent -. Much of the recent literature on exchange rate determination has emphasized the role of the ...
Exchange Rate Dynamics , Portfolio Balance , and Relative Prices By ROBERT DRISKILL * X - Inefficiency and Nonpecuniary Rewards in a Rent -. Much of the recent literature on exchange rate determination has emphasized the role of the ...
Página 964
C. Exchange Rate Behavior in the Adjustment Process We focus now on exchange rate move- ments in the adjustment process , and partic- ularly on the relationship between the ex- change rate and the current account . It is apparent that ...
C. Exchange Rate Behavior in the Adjustment Process We focus now on exchange rate move- ments in the adjustment process , and partic- ularly on the relationship between the ex- change rate and the current account . It is apparent that ...
Página 966
... exchange rate in terms of the antic- ipated rate of depreciation and the stock of external assets . Given the properties of ( 11 ) and ( 13 ) , it is apparent that an increase in external assets leads to an appreciation in the exchange ...
... exchange rate in terms of the antic- ipated rate of depreciation and the stock of external assets . Given the properties of ( 11 ) and ( 13 ) , it is apparent that an increase in external assets leads to an appreciation in the exchange ...
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adjustment Amer AMERICAN ECONOMIC REVIEW analysis assets assumed assumption average behavior coefficient compensating variation consumer consumer's surplus consumption cost curve demand function downside risk Econ effect efficient elasticity equal equation equilibrium equity estimated exchange rate expected farms Figure firm foreign exchange foreign exchange market human capital implies income increase indifference curves industry inflation interest rate investment investors labor force LDCs marginal maximize measure ment mention THE AMERICAN monetary money illusion Nash equilibrium nomic optimal output P₁ paper Pareto optimal percent period Ph.D Phillips curve portfolio problem production profits rate of inflation ratio rational expectations regression regulation relative REVIEW When Writing risk aversion sector spells spot price subsidy Table tariff theory tion tive trade uncertainty unem unemployment University utility function variable wage Writing to Advertisers yields zero