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Will a weaker dollar mean a stronger economy?

Tatom, Jack A. - Federal Reserve Bank of St. Louis - 1987

Persistent link: https://www.econbiz.de/10005352784

To chain or not to chain trade-weighted exchange rate indexes

Coughlin, Cletus C.; Pollard, Patricia S.; Betts, Jerram C. - Federal Reserve Bank of St. Louis - 1997

Dallas index, which uses a Paasche index. The choice of base year alters the behavior ofthe dollar in these two indexes. We … contrast this result with the behavior of the dollar in comparable chain TWEXs, where the base year sensitivity is absent. Our …

Persistent link: https://www.econbiz.de/10005352839

The domestic adjusted monetary base

Anderson, Richard G.; Rasche, Robert H. - Federal Reserve Bank of St. Louis - 2000

This paper provides a consistent, monthly measure of the amount of the U.S. adjusted monetary base that is domestically held, and of the amount held abroad. Most macroeconomic models that address the role of outside money as a determinant of the economy's aggregate price level are closed economy...

Persistent link: https://www.econbiz.de/10005352832

Construction of an estimated domestic monetary base using new estimates of foreign holdings of U.S. currency

Anderson, Richard G.; Rasche, Robert H. - Federal Reserve Bank of St. Louis - 1997

This paper presents a new method to estimate the amount of U.S. currency held abroad. The method exploits the fact the Federal Reserve System is the major processor of currency for depository institutions. The method exploits differentials across denominations in the ratios of shipments to...

Persistent link: https://www.econbiz.de/10005352909

Exchange rate movements and external imbalance

Batten, Dallas S. - Federal Reserve Bank of St. Louis - 1986

Persistent link: https://www.econbiz.de/10005353018

Recent developments in monetary macroeconomics and U.S. dollar policy

Gavin, William T. - Federal Reserve Bank of St. Louis - 2005

explains what these developments mean for United States dollar policy. There is no conflict between what is appropriate U ….S. monetary policy at home or abroad because the dollar is the world's key currency. Both at home and abroad, the main problem for … U.S. policymakers is to provide an anchor for the dollar. Recent experience in other countries suggests that a solution …

Persistent link: https://www.econbiz.de/10005490999

Target zones and conditional volatility: the role of realignments

Neely, Christopher J. - Federal Reserve Bank of St. Louis - 1998

This paper examines the relationship between the conditional volatility of target zone exchange rates and realignments of the system. To investigate this question, modified jump diffusion Generalized Autoregressive Conditional Heteroskedasticity (GARCH) and absolute value GARCH models are fit to...

Persistent link: https://www.econbiz.de/10005360538

Monetary policy and the determination of the interest rate and exchange rate in a small open economy with increasing capital mobility

Ahn, Byung Chan - Federal Reserve Bank of St. Louis - 1994

This paper presents a general model of the determination of the interest rate and the exchange rate which is relevant for a small economy with any degree of capital mobility. The model is tested by using the quarterly data of Korea and Singapore. The emperical results show that in the Korean...

Persistent link: https://www.econbiz.de/10005360575

Sources of exchange rate fluctuations: are they real or nominal?

Juvenal, Luciana - Federal Reserve Bank of St. Louis - 2009

I analyze the role of real and monetary shocks on the exchange rate behavior using a structural vector autoregressive model of the US vis-à-vis the rest of the world. The shocks are identified using sign restrictions on the responses of the variables to orthogonal disturbances. These...

Persistent link: https://www.econbiz.de/10005077871

Endogenous realignments and the sustainability of a target

Corbae, Dean; Neely, Chris; Weller, Paul - Federal Reserve Bank of St. Louis - 1998

We examine the effects of endogenously determined realignment expectations in a model of a target zone with sluggish price adjustment. We allow these expectations to be based on a policy rule that generates an increasing probability of realignment as output moves away from full employment. We...

Persistent link: https://www.econbiz.de/10005352752