The Impact of Price Uncertainty

A Study of Brazilian Exchange Rate Policy
1. Auflage 2017
ISBN: 978-1-138-63362-9
Verlag: CRC Press

Buch, Englisch, 284 Seiten, Format (B × H): 156 mm x 234 mm, Gewicht: 453 g

Reihe: Routledge Library Editions: Exchange Rate Economics

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.

Autoren/Hrsg.

Coes, Donald V.

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein
• Wirtschaftswissenschaften Wirtschaftswissenschaften Wirtschaftsgeschichte

Inhaltsverzeichnis

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

Über Autor(innen)

Donald V. Coes