Exchange Rate Management under Uncertainty

doi:10.7551/mitpress/2894.001.0001

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Exchange Rate Management under Uncertainty

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The MIT Press

DOI:

https://doi.org/10.7551/mitpress/2894.001.0001

ISBN electronic:

9780262268523

Publication date:

1985

These twelve essays take up economic management under flexible exchange rates in the presence of uncertainty. Nearly all of the contributions adopt a rational expectations framework, focusing on the stochastic aspects of the assumption and exploring the variability of, for example, output and prices in relation to the variability of various external disturbances.

[ Front Matter ]

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Foreword

By

Richard Cooper

Richard Cooper

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Acknowledgments

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1: Official Intervention and Exchange Rate Dynamics

By

Michael L. Mussa

Michael L. Mussa

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2: Policy Decentralization and Exchange Rate Management in Interdependent Economies

By

Willem H. Buiter,

Willem H. Buiter

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Jonathan Eaton

Jonathan Eaton

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3: Optimal Exchange Market Intervention: Two Alternative Classes of Rules

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Stephen J. Turnovsky

Stephen J. Turnovsky

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4: The Effect of Alternative Intervention Policies on the Variability of Exchange Rates: The Harrod Effect

By

Stanley W. Black

Stanley W. Black

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5: Exchange Market Intervention under Rational Expectations with Imperfect Capital Substitutability

By

Robert Driskill,

Robert Driskill

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Stephen A. McCafferty

Stephen A. McCafferty

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6: Exchange Rate Management with Rational Expectations but Diverse Precisions

By

Jerome L. Stein

Jerome L. Stein

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7: Informational Regimes, Economic Disturbances, and Exchange Rate Management

By

Jagdeep S. Bhandari

Jagdeep S. Bhandari

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8: Central Bank Intervention in a Rational Open Economy: A Model with Asymmetric Information

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Robert P. Flood,

Robert P. Flood

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Robert J. Hodrick

Robert J. Hodrick

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9: International Capital Mobility and the Coordination of Monetary Rules

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Nicholas Carlozzi,

Nicholas Carlozzi

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John B. Taylor

John B. Taylor

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10: Monetary and Exchange Rate Targets in an Optimal Control Setting

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M. J. Artis,

M. J. Artis

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E. Karakitsos

E. Karakitsos

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11: Wage Contracting, Exchange Rate Volatility, and Exchange Intervention Policy

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Matthew B. Canzoneri,

Matthew B. Canzoneri

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John M. Underwood

John M. Underwood

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12: Financial Disturbances and the Effects of an Exchange Rate Union

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Richard C. Marston

Richard C. Marston

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List of Contributors

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Index

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Exchange Rate Management under Uncertainty

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Exchange Rate Management under Uncertainty

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A product of The MIT Press

MIT Press Direct

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MIT Press

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