Devaluation Expectations
The Swedish Krona 1985-92
Bibliographic Data
| ID | 9705484 |
|---|---|
| Authors | Hans Lindberg (Swedish National Bank), Paul Soderlind (Stockholm School of Economics), Lars E O Svensson (0000-0001-6492-1966, University of St.Gallen) |
| Year | 1993 |
| Volume | 103 |
| Issue | 420 |
| Pages | 1170 |
| Publication date | 1993-09-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.2307/2234243 |
| Language | EN |
| Citations received | 2 |
| References cited | 4 |
Devaluation expectations for the Swedish krona are estimated for the period 1982-1991 with several methods. First the sixtiplest test is applied under either only the minimal assumption of TMno positive minimum profit or the additional assumption of uncovered interest parity. Then a more precise method suggested by Bertola and Svensson is used, in which expected rates of depreciation within the exchange rate band, estimated in several ways, are subtracted from interest rate differentials. In addition the probability density of the time of devaluations is estimated. Finally, estimated devaluation expectations are to some extent explained by a few macrovariables and parliament elections
Depreciation (economics) · Devaluation · Econometrics · Economics · Exchange rate · Keynesian economics · Microeconomics · Monetary economics · Profit (economics) · European Monetary and Fiscal Policies · Monetary Policy and Economic Impact
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,09 |
| Citation span | 2004 - 2011 (8) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |