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Devereux, Michael B.; Shi, Shouyong - Federal Reserve Bank of Dallas - 2008

existence, the size of the vehicle currency economy, and the monetary policy followed by the vehicle currency's government. We …

Persistent link: https://www.econbiz.de/10005367962

Oil shocks through international transport costs: evidence from U.S. business cycles

Yilmazkuday, Hakan - Federal Reserve Bank of Dallas - 2011

The effects of oil shocks on output volatility through international transport costs are investigated in an open-economy ….S. economy by a Bayesian approach for moving windows of ten years. For model selection, the posterior odds ratios of the two …

Persistent link: https://www.econbiz.de/10009292928

A perspective on Mexico

Fisher, Richard W. - Federal Reserve Bank of Dallas - 2006

in Mexico is a loss for the entire border economy, where so much of our growth is linked to expansion on the more …

Persistent link: https://www.econbiz.de/10010723078

Financial globalization, financial frictions and optimal monetary policy

Faia, Ester; Iliopulos, Eleni - Federal Reserve Bank of Dallas - 2010

answer this question we lay down an open economy model where net lending toward the rest of the world is constrained by a … accumulation is subject to adjustment costs. We demonstrate that, although this economy can generate persistent current account …

Persistent link: https://www.econbiz.de/10008465685

How should central banks define price stability?

Wynne, Mark A. - Federal Reserve Bank of Dallas - 2008

It is now generally accepted that the primary objective of central banks should be the maintenance of price stability. This paper considers the question of how central banks should define price stability. I address three specific questions. First, should central banks target broad or narrow...

Persistent link: https://www.econbiz.de/10005712532

Monetary policy strategy in a global environment

Moutot, Philippe; Vitale, Giovanni - Federal Reserve Bank of Dallas - 2009

Since the mid-1980s the world economy has gone through profound transformations of which the sources and effects are …

Persistent link: https://www.econbiz.de/10005498677