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Exchange rates and fundamentals : a generalization
Nason, James Michael (contributor);  … - 2008
Exchange rates have raised the ire of economists for more than 20 years. The problem is that few, if any, exchange rate models are known to systematically beat a naive random walk in out of sample forecasts. Engel and West (2005) show that these failures can be explained by the standard-present...
Persistent link: https://www.econbiz.de/10003732186
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Policy responses to exchange-rate movements
Ball, Laurence M. - 2009
policies of an actual central bank, the Bank of Canada. Finally, the paper considers the role of fiscal policy in an open …
Persistent link: https://www.econbiz.de/10003866899
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Exchange rates and fundamentals : a generalization
Nason, James Michael; Rogers, John H. - 2008
Persistent link: https://www.econbiz.de/10009269047
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Explicit and implicit targets in open economies
Sgherri, Silvia - 2005
Persistent link: https://www.econbiz.de/10003222278
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Towards new open economy macroeconometrics
Ghironi, Fabio - 2000
Persistent link: https://www.econbiz.de/10001501433
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An International Economy with Country-Specific Money and Productivity Growth Processes
Ricketts, Nicholas - 2011
This paper analyses a stochastic international growth model with money and country-specific forcing processes for productivity and money growth rates. Monies are required, owing to cash-in-advance constraints for consumption goods, but the liquidity constraints need not be binding for all...
Persistent link: https://www.econbiz.de/10013119756
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Policy Responses to Exchange-Rate Movements
Ball, Laurence - 2009
policies of an actual central bank, the Bank of Canada. Finally, the paper considers the role of fiscal policy in an open …
Persistent link: https://www.econbiz.de/10013157763
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Towards New Open Economy Macroeconometrics
Ghironi, Fabio Pietro - 2006
identify the two economies in my model with Canada - a small open economy - and the United States - taken as an approximation … transmitted to Canada under an inflation-targeting monetary regime …
Persistent link: https://www.econbiz.de/10012735704
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Explicit and Implicit Targets in Open Economies
Sgherri, Silvia - 2006
Under a flexible inflation targeting regime, should policymakers avoid any reaction to movements in the foreign exchange market? Using data for six advanced open economies explicitly targeting inflation, the paper examines empirically whether real exchange rate disequilibria systematically...
Persistent link: https://www.econbiz.de/10012780739
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Effects of Fiscal Policy Shocks in an Open Economy : Evidence from Canada
Tsoungui Belinga, Vincent De Paul - 2017
What is the impact of fiscal policy shocks on key macroeconomic variables in Canada? This question triggered renewed … interest in the aftermath of the 2008-09 Great Recession. Indeed, as in many advanced economies, fiscal policy in Canada … explicitly accounts for spillovers from the U.S., Canada's main trading partner, and for oil price fluctuations. The findings …
Persistent link: https://www.econbiz.de/10012969405