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To What Extent Does Productivity Drive the Dollar?
Tille, Cédric; Stoffels, Nicolas; Gorbachev, Olga - 2005
The continuing strength of the dollar has fueled interest in the relationship between productivity and exchange rates …. An analysis of the link between the dollar's movements and productivity developments in the United States, Japan, and the … euro area suggests that productivity can account for much of the change in the external value of the dollar over the past …
Persistent link: https://www.econbiz.de/10014065299
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'Beggar-Thy-Neighbor' or 'Beggar-Thyself'? The Income Effect of Exchange Rate Fluctuations
Tille, Cédric - 2000
This paper analyzes the impact of exchange rate fluctuations when they are only partially passed through to consumer prices. We show that an exchange rate depreciation does not necessarily have a beggar-thy-neighbor effect and may in fact have an opposite, or beggar-thyself, effect. The...
Persistent link: https://www.econbiz.de/10014142358
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Financial integration and the wealth effect of exchange rate fluctuations
Tille, Cédric (contributor) - 2005
A growing body of research emphasizes the direct impact of exchange rate movements on the value of U.S. foreign assets. Because a substantial amount of U.S. assets are denominated in foreign currencies, a depreciation of the dollar leads to large capital gains. First, we present a detailed...
Persistent link: https://www.econbiz.de/10003179750
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Financial Integration and the Wealth Effect of Exchange Rate Fluctuations
Tille, Cédric - 2005
A growing body of research emphasizes the direct impact of exchange rate movements on the value of U.S. foreign assets. Because a substantial amount of U.S. assets are denominated in foreign currencies, a depreciation of the dollar leads to large capital gains. First, we present a detailed...
Persistent link: https://www.econbiz.de/10014061532
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Beggar-Thy-Neighbor or Beggar-Thyself? The Income Effect of Exchange Rate Fluctuations
Tille, Cédric - 2006
This paper analyzes the impact of exchange rate fluctuations when they are only partially passed through to consumer prices. We show that an exchange rate depreciation does not necessarily have a beggar-thy-neighbor effect and may in fact have an opposite, or beggar-thyself, effect. The...
Persistent link: https://www.econbiz.de/10014055579
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On the Distributional Effects of Exchange Rate Fluctuations
Tille, Cédric - 2006
The paper studies the differential impact of exchange rate fluctuations on households in a country. I extend earlier research by relaxing the assumption of complete international sectoral specialization. My setup allows for the presence of several different sectors in a given country, each...
Persistent link: https://www.econbiz.de/10014056746
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How Valuable is Exchange Rate Flexibilty? Optimal Monetary Policy Under Sectoral Shocks
Tille, Cédric - 2006
The paper explores the optimal monetary policy reaction to productivity shocks in an open economy. Whereas earlier …
Persistent link: https://www.econbiz.de/10014056752
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Do real exchange rate appreciations matter for growth?
Bussière, Matthieu; Lopez, Claude; Tille, Cédric - 2014
emerging and advanced economies. We assess the impact of appreciations, productivity booms and capital inflows surges using a … propensity-score matching approach to address causality issues. We show that appreciations associated with higher productivity …
Persistent link: https://www.econbiz.de/10010348280
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Do real exchange rate appreciations matter for growth?
Bussière, Matthieu; Lopez, Claude; Tille, Cédric - 2014
emerging and advanced economies. We assess the impact of appreciations, productivity booms and capital flow surges using a … propensity-score matching approach to address causality issues. We show that appreciations associated with higher productivity …
Persistent link: https://www.econbiz.de/10010338713
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Macroeconomic interdependence and the international role of the dollar
Goldberg, Linda; Tille, Cédric - 2008
The U.S. dollar plays a key role in international trade invoicing along two complementary dimensions. First, most U.S. exports and imports are invoiced in dollars; second, trade flows that do not involve the United States are often invoiced in dollars, a fact that has received relatively little...
Persistent link: https://www.econbiz.de/10010283544