Assignment First

美国南卡罗来纳大学论文代写:货币模型

最初,灵活价格货币模型的经验证据是由Frenkel提供的,但是在上个世纪70年代以后,人们观察到这个模型没有提供有关汇率变动的有价值的结果。据观察,在复杂的经济和汇率波动较大的情况下,这些方程通过提供较差的拟合,不正确的系数和未能对方程进行一般性诊断而导致分解。
这种技术允许对“汇率决定”的货币模型进行仔细的实证检验。在这种情况下,汇率经济学是必要的(Selover,1987)。研究进行的时间少于6个月。研究完成后,没有发现有关货币模型可用性的证据。从麦克唐纳和泰勒(1994)的研究中发现,当它们长期使用时,方程直接失效。

美国南卡罗来纳大学论文代写:货币模型

结论
灵活的货币模型已经被使用了很长时间,被认为是了解与产品相关的汇率信息的重要模型。灵活模型的方程式是以这样的方式创建的,它们有助于理解货币汇率。这是为了提供一个确定汇率的综合方法而创立的。这个概念最初被认为是有用的。但是,由于汇率的一贯波动,现在呢是被研究人员拒绝了。目前的实证研究人员已经表明,在“灵活货币模型”中导出的方程失败了。因此,目前的经济学家已经拒绝了“灵活的货币汇率决定模型”。在这篇研究论文中,已经对“弹性货币模型”进行了研究,并对现在这种模型的效用进行了检验。

美国南卡罗来纳大学论文代写:货币模型

Initially the empirical evidence of Flexible Price Monetary model was provided by Frenkel, but after last 1970s, it was observed that this model does not provided valuable results related to the variations in the exchange rates. It was observed that in a complicated economy and high fluctuation in the exchange rates, the equations lead to breakdown by providing poor fits, incorrect coefficients and by failing in the general diagnosis of the equations.
This technique permitted to have a considerate empirical check on the monetary model of the ‘determination of the exchange rate’ .In such a case it is necessary to consist the exchange rate economics (Selover, 1987). The study was carried out for a time period which is lesser than 6 months. After the completion of the research, no evidence was found related to the usability of the monetary models as per the present scenarios. From the studies by Macdonald and Taylor (1994), it was found that the equations directly fail when they are used for a long run.

美国南卡罗来纳大学论文代写:货币模型

Conclusion
Flexible rate monetary model has been into use for a long time and is considered as an important model to understand the exchange rate information related to the product. The equations for the Flexible Model had been created in such a way that they assist in the understanding the monetary Exchange Rate. It was created with a view to provide a comprehensive approach towards the determination of the exchange rate. This concept was thought to be useful initially. But, in the present time due to the consistent fluctuation in the exchange rate, it is turned down by the researchers. The present empirical researchers have showed that the equations derived in the ‘Flexible Monetary Model’ failed. Thus, the present economists have turned down the ‘Flexible Monetary Model for exchange rate determination.’ In this research paper, the study has been done on the ‘fleixible Monetary Model’ and the utility of the same in the present times has been examined.