https://scholars.lib.ntu.edu.tw/handle/123456789/54410
Title: | 實質匯率的非線形模型 A Nonlinear Model of Real Exchange Rate Dynamics, with an Application to the Case of Taiwan |
Authors: | 陳昭南 陳思寬 Chen, C.N. Chen, S.K. |
Keywords: | 實質匯率;內生波動;Real exchange rate;Endogenous fluctuations | Issue Date: | Dec-1999 | Journal Volume: | 27 | Journal Issue: | 4 | Start page/Pages: | 377-391 | Source: | 經濟論文叢刊 | Abstract: | 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。 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. |
URI: | http://ntur.lib.ntu.edu.tw//handle/246246/282188 |
Appears in Collections: | 經濟學系 |
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