Results 1 to 10 of about 82,472 (45)
Fiscal Rules and the Sovereign Default Premium
Social Science Research Network, 2022 We study fiscal rules using a sovereign default model. A debt-brake (spread-brake) rule imposes a ceiling on the fiscal deficit when the sovereign debt (spread) is above a threshold.
L. Martinez +2 more
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Optimal Policy Under Dollar Pricing
Social Science Research Network, 2023 Empirical evidence shows that most international prices are sticky in dollars. This paper studies the policy implications of this fact in the context of an open economy model with general preferences, technologies, asset markets, nominal rigidities, and ...
K. Egorov, D. Mukhin
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What Remains of Cross-Country Convergence?
Journal of Economic Literature, 2018 We examine the record of cross-country growth over the past fifty years and ask if developing countries have made progress on closing the income gap between their per capita incomes and those in the advanced economies.
P. Johnson, C. Papageorgiou
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Trade in Commodities and Business Cycle Volatility
American Economic Journal: Macroeconomics, 2021 This paper studies the role of differences in the patterns of production and international trade on the business cycle volatility of emerging and developed economies.
D. Kohn +2 more
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Drivers of Foreign Direct Investment Inflows to Emerging Asian Economies
Journal of Emerging Market Finance, 2023 This article examines the role of domestic and global factors in driving foreign direct investment (FDI) inflows to Asian emerging economies. Conventional panel estimations do not adequately account for the interdependence among countries caused by ...
Pami Dua, Neha Verma
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Exchange Rates and Economic Fundamentals: A Methodological Comparison of Beers and Feers
Social Science Research Network, 1998 This paper compares two approaches for examining the extent to which a country's actual real effective exchange rate is consistent with economic fundamentals: the FEER approach, which involves calculating the real exchange rate that equates the current ...
Peter B. Clark, R. MacDonald
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Bond Convenience Yields and Exchange Rate Dynamics
American Economic Journal: Macroeconomics, 2020 This paper proposes a new explanation for the failure of Uncovered Interest Parity (UIP) that rationalizes both the classic UIP puzzle and the evidence that the puzzle reverses direction at longer horizons.
Rosen Valchev
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Endogenous product adjustment and exchange rate pass-through
Journal of International Economics, 2022 We document how product quality responds to exchange rate movements and quantify the extent to which these quality changes affect the aggregate pass-through into export prices.
Andreas Freitag, Sarah M. Lein
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Limited asset market participation and monetary policy in a small open economy
Journal of Economic Dynamics and ControlLimited asset market participation (LAMP) and trade openness are crucial features that characterize all real-world economies. We study equilibrium determinacy and optimal monetary policy in a model of a small open economy with LAMP.
Paul Levine +3 more
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Real exchange rate dynamics in the New-Keynesian model
The International Economy, 2023 This paper studies the real exchange rate adjustment process in the baseline small open economy New-Keynesian framework. The paper shows that i)the version of the model with real shocks replicates the persistence and the hump-shaped dynamics of the real ...
Hayk Kamalyan
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