Results 1 to 10 of about 67 (66)
Exchange Rate Predictability [PDF]
Journal of Economic Literature, 2013 The main goal of this article is to provide an answer to the question: does anything forecast exchange rates, and if so, which variables? It is well known that exchange rate fluctuations are very difficult to predict using economic models, and that a random walk forecasts exchange rates better than any economic model (the Meese and Rogoff puzzle ...
Barbara Rossi, Barbara Rossi
openaire +9 more sources
Exchange Rates and Fundamentals [PDF]
Journal of Political Economy, 2003 We show analytically that in a rational expectations present-value model, an asset price manifests near–random walk behavior if fundamentals are I(1) and the factor for discounting future fundamentals is near one. We argue that this result helps explain the well-known puzzle that fundamental variables such as relative money supplies, outputs, inflation,
Charles Engel, Kenneth D. West
openaire +5 more sources
Sanctions and the Exchange Rate
Intereconomics, 2022 AbstractStabilising the exchange rate allows the Russian government to anchor inflation expectations and support consumption but comes at the cost of the financial repression of domestic savers.
Itskhoki, Oleg, Mukhin, Dmitry
openaire +4 more sources
Exchange rate pass-through, exchange rate volatility, and exchange rate disconnect [PDF]
Journal of Monetary Economics, 2002 Abstract This paper explores the hypothesis that high volatility of real and nominal exchange rates may be due to the fact that local currency pricing eliminates the pass-through from changes in exchange rates to consumer prices. Exchange rates may be highly volatile because in a sense they have little effect on macroeconomic variables.
Charles Engel +3 more
openaire +3 more sources
Exchange Rates and Wages [PDF]
SSRN Electronic Journal, 2001 Globalization exposes labor markets to international fluctuations. Using Current Population Survey data for the period 1976 through 2000, we show that exchange rate movements influence the wages of U.S. workers across manufacturing and non-manufacturing industries.
Linda S. Goldberg +3 more
openaire +4 more sources
EXCHANGE RATE PROTECTION AND EXCHANGE RATE CONFLICT
Oxford Economic Papers, 1988 OUR PURPOSE is to investigate in a simple model the consequences of the adoption of "exchange rate protection" by two countries trading with each other. Although very simplified and stylized in the present treatment, we believe that our model can throw light on some questions of practical importance. The present system of exchange rate setting has come
Bliss, Christopher, Joshi, Vijay R
openaire +5 more sources
On Exchange Rate Regimes, Exchange Rate Fluctuations, and Fundamentals [PDF]
Working paper (Federal Reserve Bank of Philadelphia), 1999 We develop a two-country, two-sector general equilibrium business cycle model with nominal rigidities featuring deviations from the law of one price. The paper shows that a model with these features can quantitatively account for the empirical fact that of the statistical properties of most macroeconomic variables, only the volatility of the real and ...
Luca Dedola, Sylvain Leduc
openaire +2 more sources
Exchange Rate Dynamics and Fundamental Equilibrium Exchange Rates [PDF]
SSRN Electronic Journal, 2011 The paper investigates if the most popular alternative to the purchasing parity power approach (PPP) to estimate equilibrium exchange rates, the fundamental equilibrium exchange rate (FEER) influences exchange rate dynamics in the long run. For a large panel of industrialized and emerging countries and on the period 1982-2007, we detect the presence of
openaire +5 more sources
EFFECT OF OVERSEAS DEBT AND INTEREST RATE RATE OF EXCHANGE RATE RATE (EXCHANGE RATE)
Develop, 2018 Perdagangan internasional melibatkan suatu negara dengan negara lain dan menjadikan negara-negara di dunia menjadi lebih terikat.Oleh karena itu, interaksi dengan dunia luar negeri merupakan hal yang tidak bisa dihindari oleh negara manapun, termasuk Indonesia.Memperlancar transaksi perdagangan internasional, penggunaan uang dalamperekonomian terbuka ...
Novita Denik Sulistyowati +1 more
openaire +3 more sources
Exchange Rate Regimes and the Real Exchange Rate [PDF]
Journal of Economic Integration, 1995 It is well established now that the (nominal) exchange rate regime has important implications for the behavior of real exchange rates. Two key stylized facts in this regard are that real exchange rate variability is greater under flexible exchange rates than under fixed exchange rates and that real and nominal exchange rate movements are positively ...
openaire +2 more sources