Basic exchange rate theories

Charles van Marrewijk

This four-chapter overview of basic exchange rate theories discusses (i) the elasticity and absorption approach, (ii) the (long-run) implications of the monetary approach, (iii) the short-run effects of monetary and fiscal policy under various economic conditions, and (iv) the transition from short-run to long-run in a sticky-price model with rational expectations. We provide ample anecdotal, historical, and heuristic information on the goodness-of-fit of the various exchange rate models based on simple graphs, statistics, and tests. Details are provided in technical notes.

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Year of publication:	2005
Authors:	Marrewijk, Charles van
Publisher:	Rotterdam [u.a.] : Tinbergen Inst.
Subject:	exchange rates \| expectations \| monetary approach \| elasticity \| absorption \| overshooting \| monetary policy \| fiscal policy \| Geldpolitik \| Monetary policy \| Wechselkurstheorie \| Exchange rate theory \| Finanzpolitik \| Fiscal policy \| Wechselkurs \| Exchange rate \| Overshooting \| Erwartungsbildung \| Expectation formation

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Extent:	Online-Ressource (93 S.) Ill., graph. Darst.
Series:	Discussion paper / Tinbergen Institute. - Rotterdam [u.a.] : [Verlag nicht ermittelbar], ISSN 0929-0834, ZDB-ID 2435783-2. - Vol. 2005,024
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/86438 [Handle]
Classification:	E - Macroeconomics and Monetary Economics ; F - International Economics ; G - Financial Economics
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011343290