The "Lack" of Volatility Trade-Offs in Exchange Rate Zones with Sticky Prices

In target zone regimes, volatility trade-offs between the nominal exchange rate and the nominal interest rate differential depend on the underlying monetary model assumption. In an economy with price rigidities there exists no such trade-off when the exchange rate overshoots.

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Year of publication:	2002
Authors:	Belessakos, Elias D. ; Giannikos, Christos I.
Published in:	International Journal of Business and Economics. - College of Business, ISSN 1607-0704. - Vol. 1.2002, 1, p. 69-78
Publisher:	College of Business
Subject:	exchange rate \| target zones \| volatility trade-offs \| sticky prices \| overshooting

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Extent:	application/pdf text/html
Type of publication:	Article
Classification:	F31 - Foreign Exchange ; E43 - Determination of Interest Rates; Term Structure Interest Rates
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010837301