The stock market and exchange rate dynamics

作者: Michael Gavin

DOI: 10.1016/0261-5606(89)90022-3

关键词:

摘要: This paper articulates a model of the open economy in which, as in Tobin (1978), the price of shares in the stock market subtitutes for the real interest rate in the determination of …

参考文章(14)
Jacob A. Frenkel, Assaf Razin, The Mundell-Fleming Model a Quarter Century Later: A Unified Exposition IMF Staff Papers. ,vol. 34, pp. 567- 620 ,(1987) , 10.2307/3867191
Gikas A. Hardouvelis, Macroeconomic information and stock prices Journal of Economics and Business. ,vol. 39, pp. 131- 140 ,(1987) , 10.1016/0148-6195(87)90012-9
Olivier J. Blanchard, Current and anticipated deficits, interest rates and economic activity European Economic Review. ,vol. 25, pp. 7- 27 ,(1984) , 10.1016/0014-2921(84)90067-9
Douglas Pearce, V. Vance Roley, Stock Prices and Economic News The Journal of Business. ,vol. 58, pp. 49- 67 ,(1985) , 10.3386/W1296
Stanley Fischer, Robert C. Merton, Macroeconomics and Finance: The Role of the Stock Market Carnegie-Rochester Conference Series on Public Policy. ,vol. 21, pp. 57- 108 ,(1984) , 10.1016/0167-2231(84)90005-8
Maurice Obstfeld, Richard N. Cooper, Paul R. Krugman, Floating Exchange Rates: Experience and Prospects Brookings Papers on Economic Activity. ,vol. 1985, pp. 369- 464 ,(1985) , 10.2307/2534443
William H. Branson, Willem H. Buiter, Monetary and Fiscal Policy with Flexible Exchange Rates National Bureau of Economic Research. ,(1982)
William Branson, Arminio Fraga, Robert Johnson, Expected Fiscal Policy and the Recession of 1982 Social Science Research Network. ,vol. 1985, pp. 1- 66 ,(1985) , 10.3386/W1784
Olivier J. Blanchard, Output, the Stock Market, and Interest Rates The American Economic Review. ,vol. 71, pp. 132- 143 ,(2007)