A Theory of Exchange Rate Determination
Bibliographic Data
| ID | 10181087 |
|---|---|
| Authors | Alan C Stockman (corresponding author) |
| Year | 1980 |
| Volume | 88 |
| Issue | 4 |
| Pages | 673-698 |
| Publication date | 1980-08-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/260897 |
| OpenAlex | W2088599227 |
| Language | EN |
| Citations received | 9 |
| References cited | 1 |
This paper develops an equilibrium model of the determination of exchange rates and prices of goods. Changes in relative prices of goods, due to supply or demand shifts, induce changes in exchange rates and deviations from purchasing power parity. These changes may create a correlation between the exchange rate and the terms of trade, but this correlation cannot be exploited by the government to affect the terms of trade by foreign exchange market operations
Econometrics · Economics · Exchange rate · Foreign exchange · Interest rate parity · International economics · Monetary economics · Purchasing power parity · Relative price · Relative purchasing power parity · Economic theories and models · Global Financial Crisis and Policies · Monetary Policy and Economic Impact
Covered Interest Parity
Terms-of-Trade Shock and the Current Account in a Monetary Economy
The U.S. Budget Deficit and the Foreign Exchange Value of the Dollar
Real Exchange Rate Behavior
The international spillover of china’s monetary policy
Impact of exchange rate and its volatility on domestic consumption in India and Pakistan
Resource Funds
A Model of Exchange Rate Dynamics
Macroeconomic Theory for a World of Imperfect Knowledge
| Unique citing works | 9 |
|---|---|
| Citations per year | 0,2 |
| Citation span | 1982 - 2020 (39) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 7 |