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Consumption and real exchange rates in professional forecasts

Devereux, Michael B.; Smith, Gregor W.; Yetman, James - In: Journal of international economics 86 (2012) 1, pp. 33-42

Persistent link: https://www.econbiz.de/10009622420

Consumption risk-sharing and the real exchange rate : why does the nominal exchange rate make such a difference?

Devereux, Michael B.; Hnatkovska, Viktoria - 2011

Persistent link: https://www.econbiz.de/10009268895

Consumption Risk-Sharing and the Real Exchange Rate : Why does the Nominal Exchange Rate Make Such a Difference?

Devereux, Michael B. - 2011

A basic prediction of effcient risk-sharing is that relative consumption growth rates across countries or regions …, employing a newly constructed multi-country and multi-regional data set. Within countries, we find signifcant evidence for risk …. We identify this failure of risk sharing as a border effect. We find that the border effect is substantially (but not …

Persistent link: https://www.econbiz.de/10012461369

Consumption Risk-Sharing and the Real Exchange Rate : Why Does the Nominal Exchange Rate Make Such a Difference?

Devereux, Michael B. - 2011

Persistent link: https://www.econbiz.de/10013121595

Expectations and Exchange Rate Policy

Devereux, Michael B. - 2006

Both empirical evidence and theoretical discussion have long emphasized the impact of "news" on exchange rates. In most exchange rate models, the exchange rate acts as an asset price, and as such responds to news about future returns on assets. But the exchange rate also plays a role in...

Persistent link: https://www.econbiz.de/10012466455

Expectations and Exchange Rate Policy

Devereux, Michael B. - 2006

Both empirical evidence and theoretical discussion have long emphasized the impact of %u201Cnews%u201D on exchange rates. In most exchange rate models, the exchange rate acts as an asset price, and as such responds to news about future returns on assets. But the exchange rate also plays a role...

Persistent link: https://www.econbiz.de/10012780131

Expectations and Exchange Rate Policy

Devereux, Michael B.; Engel, Charles M. - 2022

Both empirical evidence and theoretical discussion has long emphasized the impact of 'news' on exchange rates. In most exchange rate models, the exchange rate acts as an asset price, and as such responds to news about future returns on assets. But the exchange rate also plays a role in...

Persistent link: https://www.econbiz.de/10013292001