IDEAS home Printed from https://ideas.repec.org/a/oup/qjecon/v92y1978i1p149-164..html
   My bibliography  Save this article

A Stochastic Equilibrium Model of an Open Economy Under Flexible Exchange Rates

Author

Listed:
  • Robert J. Barro

Abstract

I. Setup of the model, 149. — II. Determination of the exchange rate and the expected future exchange rate, 154. — III. Effects of exogenous variables, 156. — IV. Incomplete current information, 159. — V. Concluding remarks, 161.

Suggested Citation

  • Robert J. Barro, 1978. "A Stochastic Equilibrium Model of an Open Economy Under Flexible Exchange Rates," The Quarterly Journal of Economics, Oxford University Press, vol. 92(1), pages 149-164.
  • Handle: RePEc:oup:qjecon:v:92:y:1978:i:1:p:149-164.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2307/1886002
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hwang, Chiun-Lin, 1989. "Optimal monetary policy in an open macroeconomic model with rational expectation," ISU General Staff Papers 1989010108000010197, Iowa State University, Department of Economics.
    2. Willem H. Buiter & Jonathan Eaton, 1980. "Policy Decentralization and Exchange Rate Management in Interdependent Economies," NBER Working Papers 0531, National Bureau of Economic Research, Inc.
    3. Dan Lee, 1983. "Effects of Open Market Operations and Foreign Exchange Market Operations under Flexible Exchange Rates," NBER Chapters, in: The International Transmission of Inflation, pages 349-379, National Bureau of Economic Research, Inc.
    4. Obstfeld, Maurice & Stockman, Alan C., 1985. "Exchange-rate dynamics," Handbook of International Economics, in: R. W. Jones & P. B. Kenen (ed.), Handbook of International Economics, edition 1, volume 2, chapter 18, pages 917-977, Elsevier.
    5. Patricio Mujica, 1988. "Políticas de Tipo de Cambio: Un Modelo de Tres Países," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 25(75), pages 197-214.
    6. Rudiger Dornbusch, 1981. "Exchange Rate Rules and Macroeconomic Stability," Palgrave Macmillan Books, in: John Williamson (ed.), Exchange Rate Rules, chapter 3, pages 55-67, Palgrave Macmillan.
    7. Mr. Guillermo Calvo & Mr. Carlos A. Végh Gramont, 1992. "Currency Substitution in Developing Countries: An Introduction," IMF Working Papers 1992/040, International Monetary Fund.
    8. Peter Isard, 1980. "Expected and unexpected changes in exchange rates: the roles of relative price levels, balance-of-payments factors, interest rates and risk," International Finance Discussion Papers 156, Board of Governors of the Federal Reserve System (U.S.).
    9. Harkness, Jon P., 1980. "Opec Versus A Large Open Economy: A Stochastic Equilibrium Model," Queen's Institute for Economic Research Discussion Papers 275171, Queen's University - Department of Economics.
    10. Threemonkong, Attapol, 1992. "An intertemporal-optimizing general equilibrium model of exchange rates and external imbalances," ISU General Staff Papers 1992010108000012961, Iowa State University, Department of Economics.
    11. Sebastian Edwards, 1981. "Floating Excahnge Rates, Exectations and New Information," UCLA Economics Working Papers 227, UCLA Department of Economics.
    12. Edwards, Sebastian, 1983. "Floating exchange rates, expectations and new information," Journal of Monetary Economics, Elsevier, vol. 11(3), pages 321-336.
    13. Peter Isard, 1980. "Factors determining exchange rates: the roles of relative price levels, balances of payments, interest rates and risk," International Finance Discussion Papers 171, Board of Governors of the Federal Reserve System (U.S.).
    14. Benjamin Eden, 1980. "On the Use of Local Currency When Less Inflationary Currencies are Available: An Overlapping Generations Model," UCLA Economics Working Papers 187, UCLA Department of Economics.
    15. Peter Isard, 1980. "Factors determining exchange rates: the roles of relative price levels, balances of payments, interest rates and risk," BIS Working Papers 4, Bank for International Settlements.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:qjecon:v:92:y:1978:i:1:p:149-164.. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: https://academic.oup.com/qje .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/qje .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.