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Title: |
Real Exchange Rates with Endogenous Growth: A Parametric Example |
| Author: |
Wu, Jyh-Lin |
| Author
Affiliation: |
National Chung
Cheng U |
| Source: |
International Economic Journal, Autumn 1995, v. 9, no. 3, pp. 81-87 |
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Publication Date: |
Autumn 1995 |
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Abstract: |
Most empirical literature supports that
real exchange rates follow the process of a martingale. A parametric
example is developed for a two-country endogenous growth economy, which
generates an equilibrium process for the real exchange rate being
consistent with the existing empirical regularity. |
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