[Download] "Lessons from Monetary and Real Exchange Rate Economics (Essay)" by The Cato Journal " eBook PDF Kindle ePub Free
eBook details
- Title: Lessons from Monetary and Real Exchange Rate Economics (Essay)
- Author : The Cato Journal
- Release Date : January 22, 2008
- Genre: Politics & Current Events,Books,
- Pages : * pages
- Size : 247 KB
Description
This article is intended to be a sort of flyover, examining certain key aspects of monetary and real exchange rate economies from a convenient distance. In it I try to avoid getting into technicalities that are interesting mainly to specialists. I focus instead on essentials that are critical to a proper understanding of the economic processes involved, and on a few real-world examples that show the usefulness and relevance of our fundamental theoretical constructs. It pays to simplify by dividing our analysis into two parts: one concerned with the "real economy" dealing with quantities and relative prices, and the other dealing with the determination of the absolute level of prices. This is called the classical dichotomy; it has for years been a critical pillar of economic theory.
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