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Product Description These twelve essays take up economic management under flexible exchange rates in the presence of uncertainty. Nearly all of the contributions adopt a rational expectations framework, focusing on the stochastic aspects of the assumption and exploring the variability of, for example, output and prices in relation to the variability of various external disturbances. Review ' A distinguished group of authors has been gathered together to present a volume containing high quality contributions at the frontier of research on exchange rate management.' 'The Economic Journal'& quot; A distinguished group of authors has been gathered together to present a volume containing high quality contributions at the frontier of research on exchange rate management.& quot; The Economic Journal'A distinguished group of authors has been gathered together to present a volume containing high quality contributions at the frontier of research on exchange rate management.' 'The Economic Journal' About the Author Jagdeep Bhandari is affiliated with George Mason University.Richard N. Cooper is Maurits C. Boas Professor of International Economics at Harvard University.
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