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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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Published in:Journal of International Economics Vol. 10; no. 2; pp. 263 - 284
Main Authors: Lapan, Harvey E., Enders, Walter
Format: Article
Published: Elsevier B.V. May80
Subjects:
Consumption (Economics)
Demand function
Foreign exchange rates
Utility theory
Econometric models
Online Access:View this record in EBSCOhost