Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/17060
Appears in Collections:Economics Journal Articles
Peer Review Status: Refereed
Title: Exchange Rate Volatility and Output Volatility: A Theoretical Approach
Authors: Grydaki, Maria
Fountas, Stilianos
Contact Email: maria.grydaki@stir.ac.uk
Issue Date: Aug-2009
Publisher: Wiley-Blackwell
Citation: Grydaki M & Fountas S (2009) Exchange Rate Volatility and Output Volatility: A Theoretical Approach, Review of International Economics, 17 (3), pp. 552-569.
Abstract: This paper makes an attempt to determine the factors influencing exchange rate and exchange rate uncertainty, as well as output and output variability. In the context of a small open economy under flexible exchange rates regime it is found that the level both of exchange rate and output is affected by monetary and inflationary shocks, as well as shocks in government spending, output, and trade balance. Further, the uncertainty of exchange rate and output is associated positively with the uncertainty of all shocks while the contemporaneous occurrence of selected shocks imposes either a positive or negative impact on exchange rate and output volatility. Finally, it is shown that the effect of the determinants either of exchange rate volatility or output volatility is very sensitive to the parameter values.
Type: Journal Article
URI: http://hdl.handle.net/1893/17060
DOI Link: http://dx.doi.org/10.1111/j.1467-9396.2009.00833.x
Rights: The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.
Affiliation: Economics
University of Macedonia

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