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Study Results from Brunel University Broaden Understanding of Economic Modelling (Money demand instability and real exchange rate persistence in the...

August 1, 2014



Study Results from Brunel University Broaden Understanding of Economic Modelling (Money demand instability and real exchange rate persistence in the monetary model of USD-JPY exchange rate)

By a News Reporter-Staff News Editor at Economics Week -- Data detailed on Economic Modelling have been presented. According to news reporting originating in Uxbridge, United Kingdom, by VerticalNews journalists, research stated, "This paper proposes a hybrid monetary model of the dollar-yen exchange rate that takes into account factors affecting the conventional monetary model's building blocks."

The news reporters obtained a quote from the research from Brunel University, "In particular, the hybrid monetary model is based on the incorporation of real stock prices to enhance money demand stability and also, productivity differential, relative government spending, and real oil price to explain real exchange rate persistence."

According to the news reporters, the research concluded: "By using quarterly data over a period of high international capital mobility and volatility (1980:01-2009:04), the results show that the proposed hybrid model provides a coherent long-run relation to explain the dollar-yen exchange rate as opposed to the conventional monetary model."

For more information on this research see: Money demand instability and real exchange rate persistence in the monetary model of USD-JPY exchange rate. Economic Modelling, 2014;40():42-51. Economic Modelling can be contacted at: Elsevier Science Bv, PO Box 211, 1000 Ae Amsterdam, Netherlands. (Elsevier - www.elsevier.com; Economic Modelling - www.elsevier.com/wps/product/cws_home/30411)

Our news correspondents report that additional information may be obtained by contacting J. Hunter, Brunel University, Sch Social Sci, Dept. of Econ & Finance, Uxbridge UB8 3PH, Middx, United Kingdom.

Keywords for this news article include: Uxbridge, United Kingdom, Europe, Economic Modelling

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Source: Economics Week


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