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Macroanalysis of Exchange Rate: From Cassel to Obstfield and Rogoff
https://doi.org/10.32609/0042-8736-2004-1-49-65
Abstract
In the last few decades exchange rate economics has seen a number of important developments, with substantial contributions to both the theory and the empirics of exchange rate determination. This article presents a survey of exchange rate models from classical purchasing power parity to new open economy macroeconomics. Significant attention is given to five directions of analysis: goods market approach, optimum currency area theory, monetarist's approach, new developments into the open economy macroeconomic theory, and several empiric models of exchange rate.
About the Author
S. Moiseev
Moscow International Institute of Econometrics, Informatics, Finance and Law
Russian Federation
Russian Federation
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Review
For citations:
Moiseev S. Macroanalysis of Exchange Rate: From Cassel to Obstfield and Rogoff. Voprosy Ekonomiki. 2004;(1):49-65. (In Russ.) https://doi.org/10.32609/0042-8736-2004-1-49-65
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