Jacob A. Frenkel (Editor)
Exchange Rates and International Macroeconomics.
The University of Chicago Press, 1986. Second printing. 0226262502 x/382 pages
Softcover volume, measuring approximately 6.25" x 9.25", displays very light shelfwear. Binding is firm. Interior is clean and bright. Illustrated with tables.
"This volume, presenting some of the finest new research on exchange rates an international macroeconomics, contains papers and critical commentary by thirty-two leading economists. Taken together, these papers provide sound evidence about the effects of real and monetary factors on exchange rates; they also extend the analyses of exchange rates and international macroeconomics by outlining the kinds of behavior and institutional arrangements that can be incorporated into such analyses.
Among the issues the contributors analyze are: the performance of various models of exchange rate determination; the role of risk and speculation in the forward market for foreign exchange; the rational expectations hypothesis in such markets; the performance of monetary policy in ten industrial countries; the role that labor market contracts play in exchange rate policies; the effect of the oil shocks on the evolution of exchange rates; and the output cost of bringing down inflation in the open economy."