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

Giovannini, Alberto

Couverture souple

ISBN 10 : 133373946X ISBN 13 : 9781333739461

Editeur : Forgotten Books, 2018

Synopsis

This book explores the relationship between exchange rate dynamics and sticky prices, analyzing how price stickiness impacts exchange rates and macroeconomic variables. The author develops a model that incorporates sticky prices due to adjustment costs for firms, allowing for a more realistic representation of price behavior than models with perfectly flexible prices. The model is estimated using German data from 1974 to 1982, considering various factors that influence exchange rates, including monetary policy, real wage changes, and international trade. The empirical analysis suggests that price stickiness is a significant factor in exchange rate dynamics, leading to substantial overshooting in response to monetary shocks. This book contributes to the understanding of exchange rate behavior and the role of price stickiness in macroeconomic fluctuations, providing insights that are relevant for policymakers and researchers interested in international economics.

A propos du livre

Présentation de l'éditeur

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.

Détails de l'édition

• Éditeur: Forgotten Books
• Date d'édition: 2018
• Langue: anglais
• ISBN 10: 133373946X
• ISBN 13: 9781333739461
• Reliure: Broché
• Nombre de pages: 50
• Coordonnées du fabricant: Copytech (UK) Ltd, Trading as Printondemand-worldwide.com; gpsr@podww.com; ; 9 Culley Court; Orton Southgate; Peterborough; Cambridgeshire; PE2 6WA; Royaume-Uni
• Personne responsable: Easy Access System Europe Oü, 16879218; +358405003575; gpsr.requests@easproject.com; ; Mustamäe tee 50; Tallinn; 10621; Estonie