RANDOM DISTURBANCES AND THE CHOICE OF EXCHANGE REGIMES IN AN INTERGENERATIONAL MODEL.

Derives the consumption demand for individuals of each generation under expected utility-maximizing behavior using an overlapping generational model. Uses of demand functions; Roles of fixed and flexible exchange rates for real external and internal disturbances; Importance of utility function and...

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Detalles Bibliográficos
Publicado en:	Journal of International Economics Vol. 10; no. 2; pp. 263 - 284
Autores principales:	Lapan, Harvey E., Enders, Walter
Formato:	Artículo
Publicado:	Elsevier B.V. May80
Materias:	Consumption (Economics) Demand function Foreign exchange rates Utility theory Econometric models
Acceso en línea:	Ver este registro en EBSCOhost

Descripción
Sumario:	Derives the consumption demand for individuals of each generation under expected utility-maximizing behavior using an overlapping generational model. Uses of demand functions; Roles of fixed and flexible exchange rates for real external and internal disturbances; Importance of utility function and the sources of disturbances on determining which exchange regime is preferable.