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題 名 | A Nonlinear Model of Real Exchange Rate Dynamics, with an Application to the Case of Taiwan=實質匯率的非線形模型 |
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作 者 | 陳昭南; 陳思寬; | 書刊名 | 經濟論文叢刊 |
卷 期 | 27:4 1999.12[民88.12] |
頁 次 | 頁377-391 |
分類號 | 563.2 |
關鍵詞 | 實質匯率; 內生波動; Real exchange rate; Endogenous fluctuations; |
語 文 | 英文(English) |
中文摘要 | 本文把 Frenkel-Rodriguez(IMF Staff Papers1982) 的資本不完全移動模型延 伸為非線形模型,說明在適度的資本移動性下,實質匯率將呈太陽黑點均衡。臺灣的實際資 料似乎支持我們的論點。 |
英文摘要 | This paper devises a simple flexible-price real exchange rate model to illustrate the nonlinear dynamics and indeterminacy of equilibrium. The terms of trade variable is then used as an empirical proxy for real exchange rate. A nonlinear logistic equation is found to fit the Taiwanese data pretty well. |
本系統中英文摘要資訊取自各篇刊載內容。