Since 2014
Simulating an Optimizing Model of Currency Substitution
Economic Analysis Review
View Archive Info| Field | Value | |
| Title |
Simulating an Optimizing Model of Currency Substitution
Simulating an Optimizing Model of Currency Substitution |
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| Creator |
Bufman, Gill
Leiderman, Leonardo |
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| Subject |
—
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| Description |
This paper reports simulations based on the parameter estimates of an intertemporal model of currency substitution under nonexpected utility obtained by Bufman and Leiderman (1991). Here we first study the quantitative impact of changes in the degree of dollarization and in the elasticity of currency substitution on government seigniorage. Then, when examine whether the model can account for the comovement of consumption growth and assets' returnr after the 1985 stabilization program, and in particular for the consumption boom of 1986-87. The results are generally encouraging for future applications of optimizing models of currencysubstitution to policy and practical issues.
Simulating an Optimizing Model of Currency Substitution |
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| Publisher |
Universidad Alberto Hurtado - Facultad de Economía y Negocios
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| Contributor |
—
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| Date |
2010-03-11
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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| Format |
application/pdf
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| Identifier |
http://www.rae-ear.org/index.php/rae/article/view/221
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| Source |
Revista de Análisis Económico - Economic Analysis Review; Vol 7, No 1 (1992); 109-124
Revista de Análisis Económico – Economic Analysis Review; Vol 7, No 1 (1992); 109-124 0718-8870 0716-5927 |
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| Language |
eng
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| Relation |
http://www.rae-ear.org/index.php/rae/article/view/221/447
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