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Titlebook: Exchange Rate Determination and Optimal Economic Policy Under Various Exchange Rate Regimes; Eelke Jong Book 1991 Springer-Verlag Berlin H

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The Complete Model: Integration and Simulation,In this chapter the different pieces of the model described in the preceding two chapters are brought together and the interaction between the different parts (variables) is considered. These interactions come to the fore particularly in the results of a simulation of the model during the period 1970:I–1980:IV which concludes this chapter.
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The Environment and Food Display,explaining the exchange rate and if possible to improve these methods. The second aim was to analyse alternative exchange rate systems, in particular different specifications of the crawling peg. In this chapter we summarize our findings and indicate possible areas for future research.
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Expectations Formation: Criteria and an Assessment,ations play an important role in modern theoretical and empirical studies of economic phenomena. The way in which expectations are formed significantly affects the dynamic properties of economic models and, among other things, the effectiveness of monetary and fiscal policy (see, e.g. Chouraqui, Driscoll and Strauss-Khan, 1988).
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Summary and Concluding Remarks,explaining the exchange rate and if possible to improve these methods. The second aim was to analyse alternative exchange rate systems, in particular different specifications of the crawling peg. In this chapter we summarize our findings and indicate possible areas for future research.
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Ulf Stahl,Ute E. B. Donalies,Elke Nevoigte market on one hand and real phenomena such as international trade in goods and services and relative prices on the other. The figures presented in Section 1.1 show that the bulk of the transaction on the foreign exchange market is driven by financial motives.
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