dc.contributor.author | Purvis, Dd | |
dc.date.accessioned | 2014-04-23T13:38:37Z | |
dc.date.available | 2014-04-23T13:38:37Z | |
dc.date.issued | 1982 | |
dc.identifier.citation | Dd Purvis, 'Exchange-rates - real and monetary factors', Economic and Social Research Institute, Economic and Social Review, Vol.13 (Issue 4), 1982, 1982, pp303-314 | |
dc.identifier.issn | 0012-9984 | |
dc.identifier.uri | http://hdl.handle.net/2262/68711 | |
dc.description.abstract | Precis: In this paper we explore several alternative models of the exchange rate which highlight the role played by real and monetary factors in exchange rate determination, and the short-and long-run effects of exchange rate changes on real output. In the first model, attention is focused on the role of purchasing power parity (PPP) with flexible prices and a variable real exchange rate. The second model introduces sticky prices and replaces PPP with interest rate parity as the key short-run link to the international economy. The third model introduces a multi-sector production structure and explores the implications of Marshallian dynamics whereby capital stocks adjust only slowly. Finally, some conclusions about the role of stabilisation policy are offered. | |
dc.language.iso | en | |
dc.publisher | Economic & Social Studies | |
dc.relation.ispartofseries | Economic and Social Review | |
dc.relation.ispartofseries | Vol.13 (Issue 4), 1982 | |
dc.subject | Economics | |
dc.subject | Sociology | |
dc.title | Exchange-rates - real and monetary factors | |
dc.type | Journal Article | |
dc.status.refereed | Yes | |
dc.publisher.place | DUBLIN | |
dc.format.extentpagination | pp303-314 | |