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Exchange rates and international relative prices and quantities in equilibrium models with alternative preference specifications

Ozlu, Elvan; Schlagenhauf, Don; Wrase, Jeffrey M. - Federal Reserve Bank of Philadelphia - 1996

exchange rates and international relative prices and quantities. This paper examines the ability of extensions of existing open … economy models to account for exchange rates, international relative prices, and international trade quantities. The …

Persistent link: https://www.econbiz.de/10005512378

The impact of domestic market structure on exchange rate pass-through

Mohamed, Ahmed H. - Federal Reserve Bank of Philadelphia - 1990

Persistent link: https://www.econbiz.de/10005512381

Implications of state-dependent pricing for dynamic macroeconomic models.

Dotsey, Michael; King, Robert G. - Federal Reserve Bank of Philadelphia - 2005

State-dependent pricing (SDP) models treat the timing of price changes as a profit-maximizing choice, symmetrically with other decisions of firms. Using quantitative general equilibrium models that incorporate a “generalized (S,s) approach,” we investigate the implications of SDP for topics...

Persistent link: https://www.econbiz.de/10005389612

Can oil prices forecast exchange rates?

Ferraro, Domenico; Rogoff, Ken; Rossi, Barbara - Federal Reserve Bank of Philadelphia - 2011

This paper investigates whether oil prices have a reliable and stable out-of-sample relationship with the Canadian … prices and the exchange rate at the monthly and quarterly frequencies. In contrast, the main contribution is to show the … authors use contemporaneous (realized) or lagged oil prices in their regression. However, in the latter case the predictive …

Persistent link: https://www.econbiz.de/10009279911

Exchange rates, monetary policy regimes, and beliefs

Sill, Keith; Wrase, Jeff - Federal Reserve Bank of Philadelphia - 1999

The authors investigate an international monetary business-cycle model in which agents face monetary policy processes that incorporate regime shifts. In any given period agents cannot directly observe the policy regime, but instead form beliefs that are updated via Bayesian learning. As a...

Persistent link: https://www.econbiz.de/10005717346

On cointegration and exchange rate dynamics

Diebold, Francis X.; Gardeazabal, Javier; Yilmaz, Kamil - Federal Reserve Bank of Philadelphia - 1993

Persistent link: https://www.econbiz.de/10005717367

Exchange controls and the foreign exchange market: a model of political risk

Cody, Brian J. - Federal Reserve Bank of Philadelphia - 1987

Persistent link: https://www.econbiz.de/10005717393

Realignment risk in the exchange rate mechanism: evidence from pound- mark cross-rate options

Campa, Jose M.; Chang, P.H. Kevin - Federal Reserve Bank of Philadelphia - 1994

Persistent link: https://www.econbiz.de/10005389536

On exchange rate regimes, exchange rate fluctuations, and fundamentals

Dedola, Luca; Leduc, Sylvain - Federal Reserve Bank of Philadelphia - 1999

The authors develop a two-country, two-sector general equilibrium business cycle model with nominal rigidities featuring deviations from the law of one price. The paper shows that a model with these features can quantitatively account for the empirical fact that of the statistical properties of...

Persistent link: https://www.econbiz.de/10005389540

Why are business cycles alike across exchange-rate regimes?

Dedola, Luca; Leduc, Sylvain - Federal Reserve Bank of Philadelphia - 2002

featuring deviations from the law of one price because a fraction of firms set prices in buyers' currencies. The authors show …

Persistent link: https://www.econbiz.de/10005389552