Exchange Rate Dynamics with Sticky Prices: The Deutsche Mark, 1974-1982 (Classic Reprint) - Couverture souple

Giovannini, Alberto

9781333733940: Exchange Rate Dynamics with Sticky Prices: The Deutsche Mark, 1974-1982 (Classic Reprint)

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ISBN 10 : 1333733941 ISBN 13 : 9781333733940

Editeur : Forgotten Books, 2018

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Leopold Classic Library is delighted to publish this classic book as part of our extensive collection. As part of our on-going commitment to delivering value to the reader, we have also provided you with a link to a website, where you may download a digital version of this work for free. Many of the books in our collection have been out of print for decades, and therefore have not been accessible to the general public. Whilst the books in this collection have not been hand curated, an aim of our publishing program is to facilitate rapid access to this vast reservoir of literature. As a result of this book being first published many decades ago, it may have occasional imperfections. These imperfections may include poor picture quality, blurred or missing text. While some of these imperfections may have appeared in the original work, others may have resulted from the scanning process that has been applied. However, our view is that this is a significant literary work, which deserves to be brought back into print after many decades. While some publishers have applied optical character recognition (OCR), this approach has its own drawbacks, which include formatting errors, misspelt words, or the presence of inappropriate characters. Our philosophy has been guided by a desire to provide the reader with an experience that is as close as possible to ownership of the original work. We hope that you will enjoy this wonderful classic book, and that the occasional imperfection that it might contain will not detract from the experience.

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�diteur: Forgotten Books
Date d'�dition: 2018
Langue: anglais
ISBN 10: 1333733941
ISBN 13: 9781333733940
Reliure: Broch�
Nombre de pages: 50
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Exchange Rate Dynamics With Sticky Prices: The Deutsche Mark, 1974-1982

Alberto Giovannini, Julio J. Rotemberg

Edit� par Forgotten Books, 2024

ISBN 10 : 1333733941 ISBN 13 : 9781333733940

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Vendeur : Forgotten Books, London, Royaume-Uni

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Paperback. Etat : New. Print on Demand. This book examines the German Deutsche Mark exchange rate against the US dollar and the German wholesale price index between 1974 and 1982. The author's model builds on the idea that, in this period, German prices were sticky, or slow to change, due to adjustment costs for firms. The author then incorporates this model into a broader theoretical context, considering other variables such as changes in import prices and real wages. The book also explores the short-run nominal rigidities and long-run neutrality the model exhibits, meaning that one-off changes in money supply have real effects, while changes in the rate of money supply growth do not. The author estimates the model using econometric methods, rejecting a simpler version of the model where prices are perfectly flexible, finding evidence of exchange rate overshooting, and showing that the real exchange rate depreciated on impact in response to an increase in Germany's money supply. The book concludes by highlighting the significance of its findings for understanding exchange rate dynamics and sticky prices. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. N� de r�f. du vendeur 9781333733940_0

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