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Rheinische Friedrich-Wilhelms-Universität Bonn >
Bonn Graduate School of Economics (BGSE), Universität Bonn >
Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/22972
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | von Hagen, Jürgen | | en_US |
| dc.contributor.author | | Kube, Sebastian | | en_US |
| dc.contributor.author | | Selten, Reinhard | | en_US |
| dc.contributor.author | | Pope, Robin | | en_US |
| dc.date.accessioned | | 2009-01-29T15:11:31Z | | - |
| dc.date.available | | 2009-01-29T15:11:31Z | | - |
| dc.date.issued | | 2006 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/22972 | | - |
| dc.description.abstract | | Conclusions favorable to flexible exchange rates typically accord with expected utility theory in ignoring the costs that exchange rate uncertainty generates for governments, central banks, firms and unions in: (i) choosing among acts; and (ii) existing until learning the outcome of the chosen act. Allowing for these involves SKAT, the Stages of Knowledge Ahead Theory, Pope (1983, 1995, 2005), Pope, Leitner and Leopold (2006). A laboratory experiment suggests that (i) and (ii) together outweigh the advantages of having a flexible exchange rate as an additional instrument for managing a country?s international competitiveness goal. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.relation.ispartofseries | | Bonn econ discussion papers 2006,28 | | en_US |
| dc.subject.jel | | F33 | | en_US |
| dc.subject.jel | | D80 | | en_US |
| dc.subject.jel | | D81 | | en_US |
| dc.subject.jel | | F31 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | exchange rate regime | | en_US |
| dc.subject.keyword | | exchange rate uncertainties | | en_US |
| dc.subject.keyword | | currency union | | en_US |
| dc.subject.keyword | | macro-economic instruments | | en_US |
| dc.subject.keyword | | experiment | | en_US |
| dc.subject.keyword | | SKAT | | en_US |
| dc.title | | Experimental Evidence on the Benefits of Eliminating Exchange Rate Uncertainties and Why Expected Utility Theory causes Economists to Miss Them | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 525262067 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn
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