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Implementable rules for international monetary policy coordination

Devereux, Michael B.; Engel, Charles; Lombardo, Giovanni - In: IMF economic review 68 (2020) 1, pp. 108-162

Persistent link: https://www.econbiz.de/10012517366

A New Dilemma : Capital Controls and Monetary Policy in Sudden Stop Economies

Devereux, Michael B. - 2015

The dangers of high capital flow volatility and sudden stops have led economists to promote the use of capital controls as an addition to monetary policy in emerging market economies. This paper studies the benefits of capital controls and monetary policy in an open economy with financial...

Persistent link: https://www.econbiz.de/10012456880

Self-Oriented Monetary Policy, Global Financial Markets and Excess Volatility of International Capital Flows

Banerjee, Ryan - 2015

are minor, and an inflation targeting rule represents an ef- fective policy for the EME. With frictions in financial … intermediation, however, spillovers are substantially magnified, and an inflation targeting rule has little advantage over an … exchange rate peg. However, an optimal monetary policy markedly improves on the performance of naive inflation targeting or an …

Persistent link: https://www.econbiz.de/10012456933

Consumption Heterogeneity and Monetary Policy in an Open Economy

Chen, Sihao; Devereux, Michael B.; Shi, Kang; Xu, Jenny - National Bureau of Economic Research - 2022

presence of consumption heterogeneity and currency misalignment implies that CPI inflation targeting is no longer optimal in …

Persistent link: https://www.econbiz.de/10013172135

Global monetary policy under a dollar standard

Devereux, Michael B. - 2004

Persistent link: https://www.econbiz.de/10013424375

A simple model of optimal monetary policy with financial constraints

Devereux, Michael B. - 2004

Persistent link: https://www.econbiz.de/10013424409

Endogenous exchange rate passthrough when nominal prices are set in advance

Devereux, Michael B.; Engel, Charles; Storgaard, Peter E. - 2002

This paper develops a model of endogenous exchange rate pass-through within an open economy macroeconomic framework, where both pass-through and the exchange rate are simultaneously determined, and interact with one another. Pass-through is endogenous because firms choose the currency in which...

Persistent link: https://www.econbiz.de/10010321169

Growth, convergence, and risk-sharing with incomplete international asset markets

Devereux, Michael B.; Saito, Makoto - 1994

Persistent link: https://www.econbiz.de/10000146877

Trade unions, non-binding wage agreements, and capital accumulation

Devereux, Michael B.; Lockwood, Ben - 1989

Persistent link: https://www.econbiz.de/10000125045

Capital accumulation and the current account in a two-country model

Devereux, Michael B.; Shi, Shouyong - 1989

Persistent link: https://www.econbiz.de/10000125061