Welfare and excess volatility of exchange rates

DOI10.1007/S00199-011-0654-2zbMath1268.91125OpenAlexW2001933450MaRDI QIDQ1949198

M. Salto, Tito Pietra

Publication date: 6 May 2013

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: http://amsacta.unibo.it/4483/1/WP758.pdf

zbMATH Keywords

incomplete marketsmonetary equilibriaexchange ratessunspot equilibriumclear-cut effect on welfare

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Macroeconomic theory (monetary models, models of taxation) (91B64) General equilibrium theory (91B50)

Related Items (5)

On the relevance of floating exchange rate policies ⋮ Endowment redistribution and Pareto improvements in GEI economies ⋮ Welfare and excess volatility of exchange rates ⋮ A re-examination of constrained Pareto inefficiency in economies with incomplete markets ⋮ Nominal exchange rate determination and dynamics in an OLG framework

Cites Work

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• Welfare and excess volatility of exchange rates
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• Exchange Rate Volatility in an Equilibrium Asset Pricing Model
• The Structure of Financial Equilibrium with Exogenous Yields: The Case of Incomplete Markets
• The set of sunspot equilibria in economies with incomplete financial markets: Variable asset prices

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