On Interpreting the Random Walk Behavior of Nominal and Real Exchange Rates /
The random walk property of exchange rates is frequently regarded as carrying strong implications for the kinds of shocks that have driven exchange rates and the models appropriate for analyzing their behavior. This paper conducts stochastic simulations of Dornbusch's (1976) sticky-price moneta...
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| מחברים אחרים: | |
| פורמט: | כתב-עת |
| שפה: | English |
| יצא לאור: |
Washington, D.C. :
International Monetary Fund,
1991.
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| סדרה: | IMF Working Papers; Working Paper ;
No. 1991/007 |
| גישה מקוונת: | Full text available on IMF |