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Self-fulfilling expectations in stochastic processes of temporary equilibria

✍ Scribed by Günter Knieps


Book ID
115964202
Publisher
Elsevier Science
Year
1979
Tongue
English
Weight
358 KB
Volume
21
Category
Article
ISSN
0022-0531

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A stochastic model of self-fulfilling cr
✍ Tobias Adrian; Daniel Gros 📂 Article 📅 1999 🏛 John Wiley and Sons 🌐 English ⚖ 236 KB 👁 2 views

been thoroughly investigated in the recent literature on speculative attacks. We find that an increase in uncertainty makes self-fulfilling speculative attacks less likely. Depending on the benefits of keeping exchange rates fixed, there are two possibilities: for low benefits, an increase in uncert