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Consumption Smoothing and Exchange Rate Volatility / Bart Turtelboom.
- Format:
- Book
- Government document
- Author/Creator:
- Turtelboom, Bart.
- Series:
- IMF Working Papers; Working Paper ; No. 1995/108
- IMF Working Papers
- Language:
- English
- Physical Description:
- 1 online resource (56 pages)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 1995.
- Language Note:
- English
- Summary:
- This paper analyzes exchange rate behavior in a model where consumers trade goods to diversify shocks to their income. A model with traded and nontraded goods is simulated in a multilateral context based upon historical output correlations for the period 1970–92. Simulation results indicate that the observed volatility of multilateral real exchange rates for the United States, Germany and Japan is not inconsistent with exchange rate volatility implied by consumption-smoothing behavior.
- Notes:
- Bibliographic Level Mode of Issuance: Monograph
- Description based on print version record.
- ISBN:
- 9786613781161
- 9781462391301
- 1462391303
- 9781455280803
- 1455280801
- 9781281600479
- 1281600474
- 9781455201990
- 1455201995
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