The Impact of Price Uncertainty

A Study of Brazilian Exchange Rate Policy

Business & Finance, Economics, Economic History
Cover of the book The Impact of Price Uncertainty by Donald V. Coes, Taylor and Francis
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Author: Donald V. Coes ISBN: 9781351798884
Publisher: Taylor and Francis Publication: April 21, 2017
Imprint: Routledge Language: English
Author: Donald V. Coes
ISBN: 9781351798884
Publisher: Taylor and Francis
Publication: April 21, 2017
Imprint: Routledge
Language: English

Originally published in 1979. This book addresses three questions regarding uncertainty in economic life: how do we define uncertainty and use the concept meaningfully to provide conclusions; how can the level of uncertainty associated with a particular variable of economic interest be measured; and does experience provide any support for the view that uncertainty really matters. It develops a theory of the effect of price uncertainty on production and trade, takes a graphical approach to look at effects of a mean preserving spread to create rules for ordering distributions, and finishes with an econometric analysis of the effects of Brazil’s adoption of a crawling peg in reducing real exchange rate uncertainty. This is an important early study into the significance of uncertainty.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Originally published in 1979. This book addresses three questions regarding uncertainty in economic life: how do we define uncertainty and use the concept meaningfully to provide conclusions; how can the level of uncertainty associated with a particular variable of economic interest be measured; and does experience provide any support for the view that uncertainty really matters. It develops a theory of the effect of price uncertainty on production and trade, takes a graphical approach to look at effects of a mean preserving spread to create rules for ordering distributions, and finishes with an econometric analysis of the effects of Brazil’s adoption of a crawling peg in reducing real exchange rate uncertainty. This is an important early study into the significance of uncertainty.

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