The Short-Run Transmission of U. S. Price Changes under Fixed and Flexible Exchange Rates: Evidence from the U. K.

1981 ◽  
Vol 47 (4) ◽  
pp. 1072 ◽  
Author(s):  
J. Wilson Mixon ◽  
Lelia J. Pratt ◽  
Myles S. Wallace
Keyword(s):  
Exchange Rates ◽  
Price Changes ◽  
Short Run ◽  
Flexible Exchange Rates

scholarly journals Flexible Exchange Rates in the Short Run

1976 ◽  
Vol 1976 (3) ◽  
pp. 537 ◽  
Author(s):  
Rudiger Dornbusch ◽  
Paul Krugman ◽  
Richard N. Cooper ◽  
Marina v. N. Whitman
Keyword(s):  
Exchange Rates ◽  
Short Run ◽  
Flexible Exchange Rates

Transition to Flexible Exchange Rates

1981 ◽  
Vol 33 (2) ◽  
pp. 299-320
Author(s):  
Louka T. Katseli-Papaefstratiou
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Exchange Rate Regime ◽  
Exchange Rate Volatility ◽  
Developed Countries ◽  
Policy Formulation ◽  
Policy Implications ◽  
Long Run ◽  
Short Run ◽  
Flexible Exchange Rates

In the process of reviewing three recent books on international monetary developments, this article focuses on both positive and normative aspects of the “exchange-rate crisis” and its effects on policy formulation in both developed and developing countries. It attributes short-run exchange rate volatility mainly to shifts in expectations and movements in international interest rate differentials; at the same time, it links long-run exchange rate movements to the current account positions of various countries. The article also focuses on the policy implications of such volatility in a world characterized by real as opposed to monetary disturbances and discusses the alternatives open to policy makers in that context. Finally, it critically evaluates the argument that flexible exchange rates among industrialized countries have benefited the less developed countries, and discusses the implications of these developments for their choice of exchange-rate regime.

scholarly journals Exchange Rates and Monetary Fundamentals: What Do We Learn from Linear and Nonlinear Regressions?

2014 ◽  
Vol 2014 ◽  
pp. 1-14 ◽  
Author(s):  
Guangfeng Zhang
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Correction Model ◽  
Exchange Rate Dynamics ◽  
Long Run ◽  
Exchange Rate Movements ◽  
Short Run ◽  
Us Dollar ◽  
Linear And Nonlinear ◽  
Japanese Yen

This paper revisits the association between exchange rates and monetary fundamentals with the focus on both linear and nonlinear approaches. With the monthly data of Euro/US dollar and Japanese yen/US dollar, our linear analysis demonstrates the monetary model is a long-run description of exchange rate movements, and our nonlinear modelling suggests the error correction model describes the short-run adjustment of deviations of exchange rates, and monetary fundamentals are capable of explaining exchange rate dynamics under an unrestricted framework.

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