Results 11 to 20 of about 2,333,541 (344)
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 ...
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Relaxing the international constraints on full employment. A reply
PSL Quarterly Review, 2013 A response to Steindl’s critique of “Relaxing the international constraints on full employment”, and in particular the authors’ proposal of the TOSTAB tax.
E. MATZNER
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Escaping the debt constraint on growth: a suggested monetary policy for Brazil
Brazilian Journal of Political Economy, 2020 Existing interest rates imply explosive debt dynamics for Brazil. It also faces rising inflation from earlier currency depreciations, which could trigger future depreciation. These conditions impose a policy contradiction.
THOMAS I. PALLEY
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Moneta e Credito, 2012 Some recent articles explain the Asian crisis almost exclusively in terms of "fundamentals". The role played by private sector's expectations, however, should also be considered.
Pompeo Della Posta
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Anchor, float or abandon ship: exchange rate regimes for the accession countries
PSL Quarterly Review, 2012 The paper considers alternative exchange rate regimes for the East European accession candidates, both prior to EU accession and following EU accession but prior to EMU membership.
Willem H. Buiter, Clemens Grafe
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EQUILIBRIUM: Jurnal Ilmiah Ekonomi dan Pembelajarannya, 2017 This study aimed to analyze the influence of the inflation rate of the Rupiah. Population and samples used in this study are all monthly time series data rate of inflation and the Rupiah during the period January 2011-December 2015 as many as 60.
Yati Wijayanti Sudarmiani
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Relaxing the international constraints on full employment. A comment
PSL Quarterly Review, 2013 The work is a critique of “Relaxing the international constraints on full employment”. The author questions the efficacy of the TOSTAB tax proposal in relaxing the constraint of foreign exchange speculation on governments in designing and implementing ...
J. STEINDL
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The Interest Rate - Exchange Rate Nexus: Exchange Rate Regimes and Policy Equilibria [PDF]
SSRN Electronic Journal, 2009 We study a credible Markov-perfect monetary policy in an open New Keynesian economy with incomplete financial markets. We demonstrate the existence of two discretionary equilibria. Following a shock the economy can be stabilised either 'quickly' or 'slow', both dynamic paths satisfy conditions of optimality and time-consistency.
Christoph Himmels, Tatiana Kirsanova
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World inflation and domestic monetary stability
PSL Quarterly Review, 2014 Since the end of the Second World War the world economy has, apart from brief interludes of price stability, been in the grip of continuous inflation. No country seems to have managed to escape this world inflation entirely, although a few have made the ...
F.A. LUTZ
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Exchange-rate discounting [PDF]
Journal of International Money and Finance, 1995 Abstract Economists often describe nominal exchange rates as forward-looking, so that they reflect discounted, expected, future fundamentals. This study applies a method for identifying the discount rate involved, without knowing or measuring fundamentals.
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