{"text_format":"2","workbook":"xls","n_sheets":1,"sheets":["report2"],"not_rendered":{"charts":0,"images":0,"macros":0,"external_links":1,"defined_names":1,"comments":0,"pivot_tables":0},"unopened":[],"bounds":{"document_bytes":16777216,"sheet_cells":100000,"run_cost":"one","rows_first":2000,"rows_last":500,"rows_between":2000,"halvings":0,"cell_chars":16384,"cell_head_chars":4096},"cells_cut":0,"cells_raw":0,"read":"whole","date_system":"1900","formulas":"cached_only"}

{"sheet":"report2","index":0,"n_rows":14,"n_cols":5,"rows_kept":14,"cut":false,"hidden":false,"merged":[[0,2,0,3],[0,4,0,5],[1,2,1,3],[1,4,1,5],[2,2,2,3],[2,4,2,5],[3,2,3,3],[5,2,5,3],[6,2,6,3],[7,2,7,3],[8,2,8,3],[9,2,9,3]],"flags":["formulas_cached_only"]}
[null,"1.","Record Nr.",null,"UNINA9910703352503321"]
[null,null,"Autore",null,"Flood Robert P"]
[null,null,"Titolo",null,"A Model of Stochastic Process Switching / / Robert P. Flood, Peter M. Garber"]
[null,null,"Pubbl/distr/stampa",null,"Cambridge, Mass, : National Bureau of Economic Research, 1981"]
[{"$nulls":4},"[Washington, D.C.] : , : [Board of Governors of the Federal Reserve System], , [1982]"]
[null,null,"Descrizione fisica",null,"1 online resource : illustrations (black and white);"]
[null,null,"Collana",null,"NBER working paper series ; no. w0626"]
[null,null,"Soggetti",null,"Foreign exchange - Mathematical models"]
[null,null,"Lingua di pubblicazione",null,"Inglese"]
[null,null,"Formato",null,"Materiale a stampa"]
[null,null,null,"Livello bibliografico","Monografia"]
[null,null,null,"Note generali","February 1981."]
[null,null,null,"Nota di bibliografia","Includes bibliographical references (page 15)."]
[null,null,null,"Sommario/riassunto","In this paper we develop a rational expectations exchange rate model which is capable of confronting explicitly agents' beliefs about a future switch in exogenous driving processes. In our set-up the agents know with certainty both the initial exogenous process and the new process to be adopted when the switch occurs. However, they do not know with certainty the timing of future switch as it depends on the path followed by the (stochastic) exchange rate. The model is discussed in terms of the British return to pre-war parity, in 1925. However, our results are applicable to a variety of situations where process switching depends on the motion of a key endogenous variable."]