Rational Expectations in a Multilateral Macro-Model

A. Patrick Minford, Christos Ioannidis and Satwant Marwaha

Chapter 8 in Exchange Rates in Multicountry Econometric Models, 1983, pp 239-266 from Palgrave Macmillan

Abstract: Abstract The object of this paper is to investigate the effects of fiscal and monetary shocks on the exchange rate within a world macroeconomic model. The model is macroeconomic in the sense that it has no ‘supply-side’ at this stage; the equilibrium (or ‘natural’) values of output, real interest rates, real exchange rates, etc., are all taken as exogenous.

Keywords: Exchange Rate; Interest Rate; Current Account; Real Exchange Rate; Real Wage (search for similar items in EconPapers)
Date: 1983
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-17286-3_8

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DOI: 10.1007/978-1-349-17286-3_8

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