Key Features:The topic, i.e., Rebalancing Demand in East Asia is a hot issue key to understanding the future development of East AsiaThis volume provides a comprehensive overview with respect to the topic of Rebalancing Demand in East AsiaThis book reviews the current situation of each topic, so...

Key Features:Evaluates the policy problem of the Euro area from various fields, such as monetary, fiscal and exchange rate policy etc.Apply recently developed econometric techniques (i.e., non-stationary time series analysis) to empirical analysis.

In 1983, Meese and Rogoff showed that traditional economic models developed since the 1970s do not perform better than the random walk in predicting out-of-sample exchange rates when using data obtained after the beginning of the floating rate system. Subsequently, whether traditional economical...