Exchange RAte Dynamics with Financial Repression: A Test of Exchange Rate Models for India [PDF]
This paper examines the relevance of the monetary approach for exchange rate behaviour in India, unde rthe managed float regime. It finds supprot for purchaisng power parity in traded goods and that the monetary approach provdies a reasonable description
Kenneth Kletzer, Renu Kohli
core
Monetary policy in a small open economy with a preference for robustness [PDF]
We use robust control techniques to study the effects of model uncertainty on monetary policy in an estimated, semi-structural, small-open-economy model of the U.K.
Kai Leitemo +2 more
core
Is Nigeria Ready for Inflation Targeting? [PDF]
This paper evaluates whether Nigeria is ready to adopt inflation targeting (IT), a monetary policy framework that several emerging markets have adopted over the last one decade.
Aliyu, Shehu Usman Rano, Englama, Abwaku
core +1 more source
Exchange Rates Predictability in Developing Countries [PDF]
The main objective of this study is to re-investigates the exchange rates predictability puzzle using monetary model. It is hypothesised that the performance of exchange rate predictability is better off in countries with monetary instability.
Sarmidi, Tamat
core +1 more source
Deciding to peg the exchange rate in developing countries: the role of private-sector debt [PDF]
We argue that a higher share of the private sector in a country's external debt raises the incentive to stabilize the exchange rate. We present a simple model in which exchange rate volatility does not affect agents' welfare if all the debt is incurred ...
Harms, Philipp, Hoffmann, Mathias
core
A disaggregated analysis of monetary policy effects on the agricultural sector in Nigeria
Apstract: Applied Studies in Agribusiness and Commerce, 2020 This study provides a disaggregated analysis of the effects of monetary policy shocks on the agricultural sector in Nigeria from 1981Q1 to 2016Q4. The study utilized the generalized impulse responses and the normalized generalized forecast error variance
Jonathan E. Ogbuabor +3 more
doaj
MONETARY EXCHANGE RATE MODEL REVISITED: COINTEGRATION AND FORECASTING IN HETEROGENEOUS PANEL DATA [PDF]
This study re-examines the exchange rate-monetary fundamentals link with in a panel data framework. Pure time series and pooled time series-based tests fail to find empirical support for monetary exchange rate models (Sarantis (1994) and Groen (2000 ...
AZHAR IQBAL +2 more
core
Openness and the case for flexible exchange rates [PDF]
Models of stabilization in open economy traditionally emphasize the role of exchange rates as a substitute for nominal price flexibility in fostering relative price adjustment. This view has been recently criticized on the ground that, to the extent that
Giancarlo Corsetti
core
Firms?entry, monetary policy and the international business cycle [PDF]
This paper studies the role of producer entry for global monetary policy and the propa- gation of the international business cycle in a two-country general equilibrium (DSGE) model with monopoly distortions and imperfect price adjustment.
Lilia Cavallari
core
Does trade integration alter monetary policy transmission? [PDF]
, 2008 This paper explores the role of trade integration—or openness—for monetary policy transmission in a medium-scale New Keynesian model. Allowing for strategic complementarities in price-setting, we highlight a new dimension of the exchange rate channel by ...
Cwik, Tobias J. +2 more
core