two-country DSGE model with monopolistic competition, sticky prices, and pricing-to-market. I also derive the steady state …

more than doubled the revenue that commercial banking organizations' securities subsidiaries may earn from certain … securities activities. The wealth effects associated with this event for a sample of publicly traded banking organizations are … examined. We find evidence that indicates the revenue limit resulted in a less-than-optimal mix of activities for securities …

This paper estimates monthly pass-through ratios from import prices to consumer prices in real time. Conventional time … series methods impose restrictions to generate exogenous shocks on exchange rates or import prices when estimating pass …-through coefficients. Instead, a natural experiment based on data releases defines our shock to foreign prices. Our estimation strategy …