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Interest Rates, Exchange Rates and World Monetary Policy [electronic resource].

By: Material type: Computer fileComputer filePublisher number: 9783642102790Publication details: Dordrecht : Springer, 2010.ISBN:
  • 9783642102806
Subject(s): Genre/Form: Additional physical formats: Print version:: Interest Rates, Exchange Rates and World Monetary PolicyDDC classification:
  • 332.4 332.46
LOC classification:
  • HG1621 .F56 2010
Online resources:
Contents:
Interest Rates, Exchange Rates and World Monetary Policy; Preface; Contents; 1 Introduction; Part I; 2 Specifications and Assumptions; 3 Underlying Equilibrium Growth Paths; 4 Variations in Employment; 5 Some Important Implications; 6 Exchange Rate Overshooting; Part II; 7 Issues Regarding Exchange Rate Determination; 8 Time Series Properties of Observed Exchange Rate Movements; 9 Efficient Markets and Exchange Rate Forecasts; 10 The Role of Real Shocks in Determining Real Exchange Rates: The Evidence; 11 The Role of Money Supply Shocks in Determining Real Exchange Rates: The Evidence
12Further Evidence from a Blanchard-Quah VAR AnalysisPart III; 13 The Model; 14 Monetary Policy and Exchange Rates; 15 Corroborating and Other Evidence; 16 Conclusions and Suggestions for Future Work; A Optimal Allocation of the Capital StockAmong its Alternative Forms; B Derivation of the Real Exchange Rate; C Analysis of the GG and AA Curves; D The Determination of Risk Premiums; E Analysis of the Forward Rate Equation; F Data Sources; References; Index
Summary: A careful basic theoretical and econometric analysis of the factors determining the real exchange rates of Canada, the U.K., Japan, France and Germany with respect to the United States is conducted. The resulting conclusion is that real exchange rates are almost entirely determined by real factors relating to growth and technology such as oil and commodity prices, international allocations of world investment across countries, and underlying terms of trade changes. Unanticipated money supply shocks, calculated in five alternative ways have virtually no effects. A Blanchard-Quah VAR analysis al
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Enhanced descriptions from Syndetics:

Description based upon print version of record.

Interest Rates, Exchange Rates and World Monetary Policy; Preface; Contents; 1 Introduction; Part I; 2 Specifications and Assumptions; 3 Underlying Equilibrium Growth Paths; 4 Variations in Employment; 5 Some Important Implications; 6 Exchange Rate Overshooting; Part II; 7 Issues Regarding Exchange Rate Determination; 8 Time Series Properties of Observed Exchange Rate Movements; 9 Efficient Markets and Exchange Rate Forecasts; 10 The Role of Real Shocks in Determining Real Exchange Rates: The Evidence; 11 The Role of Money Supply Shocks in Determining Real Exchange Rates: The Evidence

12Further Evidence from a Blanchard-Quah VAR AnalysisPart III; 13 The Model; 14 Monetary Policy and Exchange Rates; 15 Corroborating and Other Evidence; 16 Conclusions and Suggestions for Future Work; A Optimal Allocation of the Capital StockAmong its Alternative Forms; B Derivation of the Real Exchange Rate; C Analysis of the GG and AA Curves; D The Determination of Risk Premiums; E Analysis of the Forward Rate Equation; F Data Sources; References; Index

A careful basic theoretical and econometric analysis of the factors determining the real exchange rates of Canada, the U.K., Japan, France and Germany with respect to the United States is conducted. The resulting conclusion is that real exchange rates are almost entirely determined by real factors relating to growth and technology such as oil and commodity prices, international allocations of world investment across countries, and underlying terms of trade changes. Unanticipated money supply shocks, calculated in five alternative ways have virtually no effects. A Blanchard-Quah VAR analysis al