The Real Exchange Rate and Fiscal Policy During the Gold Standard Period: Evidence From the United States and Great Britain by Penny Hill Press Inc

The Real Exchange Rate and Fiscal Policy During the Gold Standard Period: Evidence From the United States and Great Britain (Paperback) (ISBN-13: 9781522943402)

Vendor: Penny Hill Press Inc
Product type: Books
Format: Paperback
$12.95
$12.95
$12.95
Subtotal: $12.95
The Real Exchange Rate and Fiscal Policy During the Gold Standard Period: Evidence From the United States and Great Britain by Penny Hill Press Inc

The Real Exchange Rate and Fiscal Policy During the Gold Standard Period: Evidence From the United States and Great Britain

$12.95
The Real Exchange Rate and Fiscal Policy During the Gold Standard Period: Evidence From the United States and Great Britain by Penny Hill Press Inc

The Real Exchange Rate and Fiscal Policy During the Gold Standard Period: Evidence From the United States and Great Britain

$12.95
Format: Paperback
Description
Description
x
We studied the determinants of the dollar /pound real exchange rate from 1879 to 1914 focusing on the role of fiscal policy. We present a simple dynamic model of the real exchange rate to frame our analysis. The econometric results are based upon the decompoition of the sources of the innovation of the real exchange rate drawn from a structural vector autoregression model. We find little evidence that changes in tariffs and government spending affected the real exchange rate. There is some stronger empirical evidence that shocks to deficits were associated with the fluctuations in the real exchange rate.

Author: Penny Hill Press Inc, Board of Governors of the Federal Reserv
ISBN-10: 1522943404
ISBN-13: 9781522943402
Publisher: Createspace Independent Publishing Platform
Language: English
Published: 12/28/2015
Pages: 38
Format: Paperback
Weight: 0.25lbs
Size: 11.02h x 8.50w x 0.08d

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