It takes the average reader and 42 minutes to read Robustness of Equilibrium Exchange Rate Calculations to Alternative Assumptions and Methodologies by Peter B. Clark
Assuming a reading speed of 250 words per minute. Learn more
This paper explores a number of methodological issues that arise in the calculation of equilibrium exchange rates, which are identified in this paper as those real effective exchange rates consistent with macroeconomic equilibrium, i.e., internal and external balance. A partial equilibrium, comparative static analysis is presented and the methodology is applied to the break-up of the Bretton Woods exchange rate system. Then the dynamic interaction between the current account and the stock of net foreign assets is examined. Finally, the analysis uses a more general equilibrium approach by relying on simulations using MULTIMOD, a multicountry econometric model. The paper demonstrates the extent to which the equilibrium exchange rate calculations depend upon alternative assumptions regarding factors that affect internal and external balance. In addition, results obtained using the comparative static and dynamic macroeconomic approaches are compared.
Robustness of Equilibrium Exchange Rate Calculations to Alternative Assumptions and Methodologies by Peter B. Clark is 42 pages long, and a total of 10,584 words.
This makes it 14% the length of the average book. It also has 13% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 57 minutes to read Robustness of Equilibrium Exchange Rate Calculations to Alternative Assumptions and Methodologies aloud.
Robustness of Equilibrium Exchange Rate Calculations to Alternative Assumptions and Methodologies is suitable for students ages 8 and up.
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