期刊名称：Discussion Paper Series / Department of Economics, Monash University
出版年度：2005
卷号：1
出版社：Monash University
摘要：This note analyzes export production in the presence of exchange rate
uncertainty under mean-variance preferences. We present the elasticity
of risk aversion, since this elasticity concept permits a distinct
investigation of risk and expectation effects on exports. Counterintutitive
results are possible, e.g. though the home currency is revaluating
(devaluating) exports of the firm increase (decrease). This fact may
contribute to the explanation of disturbing empirical results.
