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

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

$19.58
$19.58
Skip to product information
The Real Exchange Rate and Fiscal Policy During the Gold Standard Period: Evidence From the United States and Great Britain - Paperback
  • The Real Exchange Rate and Fiscal Policy During the Gold Standard Period: Evidence From the United States and Great Britain - Paperback
The Real Exchange Rate and Fiscal Policy During the Gold Standard Period: Evidence From the United States and Great Britain - Paperback

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

$19.58
$19.58

by Penny Hill Press Inc (Editor), Board of Governors of the Federal Reserv (Author)

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.

Number of Pages: 38
Dimensions: 0.08 x 11.02 x 8.5 IN
Publication Date: December 28, 2015

Intentional design

We make things that work better and last longer. Our products solve real problems with clean design.

Quality first

We obsess over the details and strive to deliver the best products at the best prices, every time.

Customer care

We're always on your side: keeping our loyal customers happy is our top priority and number one goal.

Feature 1

Made with care and unconditionally loved by our customers, this signature bestseller exceeds all expectations.

Feature 2

Made with care and unconditionally loved by our customers, this signature bestseller exceeds all expectations.

At the heart of every product lies a unique story, driven by our passion for quality and innovation. Each item enhances your everyday life and sparks joy.