{"product_id":"9780792384243","title":"Recent Economic Thought","description":"\u003ch1\u003eRecent Economic Thought\u003c\/h1\u003e \u003ch2\u003eMacDonald, Ronald; Stein, Jerome L.\u003c\/h2\u003e \u003cp\u003e\u003c\/p\u003e\u003cul\u003e \u003cli\u003eHow successful is PPP, and its extension  in the monetary model, as a measure of the equilibrium exchange rate?  \u003c\/li\u003e  \u003cli\u003eWhat are the determinants and dynamics of equilibrium real  exchange rates? \u003c\/li\u003e  \u003cli\u003eHow can misalignments be measured, and what are  their causes? \u003c\/li\u003e  \u003cli\u003eWhat are the effects of specific policies upon the  equilibrium exchange rate? \u003c\/li\u003e  \u003c\/ul\u003e   \u003cbr\u003e  The answers to these questions are important to academic theorists,  policymakers, international bankers and investment fund managers. This  volume encompasses all of the competing views of equilibrium exchange  rate determination, from PPP, through other reduced form models, to  the macroeconomic balance approach. \u003cbr\u003e  This volume is essentially empirical: what do we know about exchange  rates? The different econometric and theoretical approaches taken by  the various authors in this volume lead to mutually consistent  conclusions. This consistency gives us confidence that significant  progress has been made in understanding what are the fundamental  determinants of exchange rates and what are the forces operating to  bring them back in line with the fundamentals. \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Springer\u003c\/p\u003e \u003cp\u003ePublication Date: 1999-07-31\u003c\/p\u003e \u003cp\u003eFormat: Hardcover\u003c\/p\u003e \u003cp\u003eISBN-13: 9780792384243\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-94-011-4411-7\u003c\/p\u003e \u003cp\u003eDimensions: 235cm x155cm\u003c\/p\u003e \u003cp\u003ePages: 351\u003c\/p\u003e ","brand":"Springer Netherlands","offers":[{"title":"Default Title","offer_id":46311812694156,"sku":"9780792384243","price":152.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9780792384243.jpg?v=1771512545","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9780792384243","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}