search query: @indexterm money / total: 443
reference: 167 / 443
| Author: | Balvers, R. Bergstrand, J. |
| Title: | Equilibrium real exchange rates: closed-form theoretical solutions and some empirical evidence |
| Journal: | Journal of International Money and Finance
1997 : JUN, VOL. 16:3, p. 345-366 |
| Index terms: | FINANCE EXCHANGE RATES MONEY |
| Language: | eng |
| Abstract: | This paper generates closed-form theoretical solutions for the relationships among the real exchange rate, relative per capita consumption, and relative wealth in a stochastic dynamic general equilibrium model of two countries' representative consumers. The solutions offer insight into the robust cross-sectional relationship between relative per capita GDPs and relative national price levels established in Kravis and Lipsey (1983,1987,1988) in a manner consistent with equilibrium exchange rate theories and the productivity-differentials model of Balassa (1964) and Samuelson (1964). |
SCIMA