عنوان

Real disturbances and the exchange rate :

شماره

TLets775222

عنوان اصلي

Real disturbances and the exchange rate :

نام عام مواد

[Thesis]

نام نخستين پديدآور

Sen, Partha

عنوان اصلي به قلم نويسنده ديگر

theoretical and empirical analysis

نام ناشر، پخش کننده و غيره

London School of Economics and Political Science (LSE)

تاریخ نشرو بخش و غیره

1984

جزئيات پايان نامه و نوع درجه آن

Ph.D.

کسي که مدرک را اعطا کرده

London School of Economics and Political Science (LSE)

امتياز متن

1984

متن يادداشت

This thesis analyses the effects of certain real shocks on the nominal and real exchange rates. The first chapter analyses the impact and long run effects of an open market operation when domestic and foreign assets are imperfect substitutes. The nominal exchange rate overshoots its long run value. The real exchange rate depreciates on impact but appreciates in the long run. The second chapter analyses the effects of monetary disinflation when the government budget constraint is introduced. It is shown that when a cut in the rate of monetary growth is accompanied by a cut in government expenditure we could have a jump depreciation of the real exchange rate. But the costs in terms of output foregone are identical to those in the literature. The third chapter shows that under plausible assumptions an expansionary balanced budget fiscal policy leads to current account surpluses rather than deficits. The fourth (and final) chapter exmaines empirically the effects of a foreign real interest shock on the real exchange rate for the UK.

موضوع مستند نشده

HC Economic History and Conditions

موضوع مستند نشده

HG Finance

مستند نام اشخاص تاييد نشده

Sen, Partha

مستند نام تنالگان تاييد نشده

London School of Economics and Political Science (LSE)

نام الکترونيکي

فرمت انتشار

p

نوع ماده

[Thesis]

کد کاربرگه

276903

سطح دسترسي

a

تكميل شده

Y