La détermination des taux de change dans les modèles multinationaux : l'état de l'art

Abstract

Establishing Exchange Rates in Multinational Models : A State of the Art, by Agnès Bénassy, Henri Sterdyniak. This article analyses different theoretical models for establishing exchange rates and develops those which are used in multinational models. It examines the impact of choices over expectations,the balance sheet effects and monetary policy. This theoretical framework then makes it possible to examine how multinational empirical models handle exchange rates.