The Impact of Price Uncertainty
A Study of Brazilian Exchange Rate Policy
Seiten
2018
Routledge (Verlag)
978-1-138-63363-6 (ISBN)
Routledge (Verlag)
978-1-138-63363-6 (ISBN)
Originally published in 1979. This is an important early study into the significance of uncertainty.
Originally published in 1979. This book addresses three questions regarding uncertainty in economic life: how do we define uncertainty and use the concept meaningfully to provide conclusions; how can the level of uncertainty associated with a particular variable of economic interest be measured; and does experience provide any support for the view that uncertainty really matters. It develops a theory of the effect of price uncertainty on production and trade, takes a graphical approach to look at effects of a mean preserving spread to create rules for ordering distributions, and finishes with an econometric analysis of the effects of Brazil’s adoption of a crawling peg in reducing real exchange rate uncertainty. This is an important early study into the significance of uncertainty.
Originally published in 1979. This book addresses three questions regarding uncertainty in economic life: how do we define uncertainty and use the concept meaningfully to provide conclusions; how can the level of uncertainty associated with a particular variable of economic interest be measured; and does experience provide any support for the view that uncertainty really matters. It develops a theory of the effect of price uncertainty on production and trade, takes a graphical approach to look at effects of a mean preserving spread to create rules for ordering distributions, and finishes with an econometric analysis of the effects of Brazil’s adoption of a crawling peg in reducing real exchange rate uncertainty. This is an important early study into the significance of uncertainty.
Donald V. Coes
Preface 1. Introduction 2. Exporting as a Decision Under Uncertainty: The Basic Model 3. The Potential Exporter Under Uncertainty: Extensions of the Basic Model 4. Measuring Changes in Uncertainty 5. Relative Price Incentives to Export: Brazilian Commercial and Exchange Policies and Their Effects 6. An Econometric Test of the Uncertainty Hypothesis 7. Conclusion: Some Observations on Price Uncertainty and Trade. Appendices
| Erscheinungsdatum | 19.09.2018 |
|---|---|
| Reihe/Serie | Routledge Library Editions: Exchange Rate Economics |
| Verlagsort | London |
| Sprache | englisch |
| Maße | 156 x 234 mm |
| Gewicht | 453 g |
| Themenwelt | Wirtschaft ► Allgemeines / Lexika |
| Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft | |
| Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie | |
| Wirtschaft ► Volkswirtschaftslehre ► Ökonometrie | |
| ISBN-10 | 1-138-63363-1 / 1138633631 |
| ISBN-13 | 978-1-138-63363-6 / 9781138633636 |
| Zustand | Neuware |
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