Results 11 to 20 of about 522,541 (308)
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.
Kenneth D. West, Charles Engel
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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.
Michael B. Devereux, Charles Engel
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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, Joseph Tracy
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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
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Exchange rates and oligopoly [PDF]
European Economic Review, 1999 Abstract The purpose of this paper is to explain empirical observations concerning the impact of exchange rate changes on industrial prices. As exchange rates change the pass-through into industrial prices is often incomplete and sometimes it goes into the `wrong' direction, i.e.
HENS, Thorsten +3 more
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Exchange-Rate Exposure of Multinationals: Focusing on Exchange- Rate Issues [PDF]
SSRN Electronic Journal, 2001 This paper examines exchange-rate exposure of multinationals (MNEs) in light of detailed exchange rate data. Specifically, using MNE-specific exchange rates and accounting for the possibility that exchange-rate crises may impact a firm differently than periods of normal fluctuations, estimates suggest ¼ of all MNEs had significant exchange rate ...
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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 ...
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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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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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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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