Exchange Rate Determination and Optimal Economic Policy Under Various Exchange Rate Regimes

Beschreibung

This book investigates the causes of the bad performance of many exchange rate models. A structural model of exchange rate determination is estimated in which expectations are proxied by means of rolling regressions. This model is used to determine the optimal way to peg a small European country's exchange rate to the Deutsche Mark.

Autor*in

Eelke de Jong

Themen in »Exchange Rate Determination and Optimal Economic Policy Under Various Exchange Rate Regimes«

Erwartungen Wechselkurs Wechselkursänderung Wirtschaftspolitik economic policy monetary union regression

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