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The micro-macro disconnect of purchasing power parity
Bergin, Paul R.; Glick, Reuven; Wu, Jyh-lin - 2010
Persistent link: https://www.econbiz.de/10008650527
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The micro-macro disconnect of purchasing power parity
Bergin, Paul R.; Glick, Reuven; Wu, Jyh-lin - 2009
Persistent link: https://www.econbiz.de/10003924194
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The micro-macro disconnect of purchasing power parity
Bergin, Paul R.; Glick, Reuven; Wu, Jyh-lin - In: The review of economics and statistics 95 (2013) 3, pp. 798-812
Persistent link: https://www.econbiz.de/10009792966
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The Micro-Macro Disconnect of Purchasing Power Parity
Bergin, Paul R. - 2010
This paper reconciles the persistence of aggregate real exchange rates with the faster adjustment of international … stylized facts regarding this puzzle. First, adjustment to purchasing power parity deviations in aggregated data is not just a … slower version of adjustment to the law of one price in microeconomic data, as arbitrage occurs in different markets, in …
Persistent link: https://www.econbiz.de/10013149574
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Supply Shocks and Real Exchange Rate Volatility in a Small Open Economy
Azcona, Nestor - 2016
This paper examines the effect of overall and sector-specific productivity shocks on the real exchange rate in small open economies. A dynamic stochastic small open economy model shows that productivity shocks impact the real exchange rate mostly through changes in the relative price of...
Persistent link: https://www.econbiz.de/10013005242
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Monetary shocks and real exchange rates in sticky price models of international business cycles
Chari, Varadarajan V.; Kehoe, Patrick J.; McGrattan, … - 1997
Persistent link: https://www.econbiz.de/10000619657
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Dominant currency paradigm : a review
Gopinath, Gita; Itskhoki, Oleg - In: Handbook of international economics: international …, (pp. 45-90). 2022
Persistent link: https://www.econbiz.de/10014310669
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Exchange rate economics
Isard, Peter - 1995 - 1. publ.
Persistent link: https://www.econbiz.de/10013493694
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Monetary shocks and real exchange rates in sticky price models of international business cycles
Chari, Varadarajan V.; Kehoe, Patrick J.; McGrattan, … - 1996
Persistent link: https://www.econbiz.de/10000957912
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Monetary Shocks and Real Exchange Rates in Sticky Price Models of International Business Cycles
Chari, V. V. - 1997
The data show large and persistent deviations of real exchange rates from purchasing power parity. Recent work has shown that to a large extent these movements are driven by deviations from the law of one price for traded goods. In the data, real and nominal exchange rates are about 6 times as...
Persistent link: https://www.econbiz.de/10012472952