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Is pegging the exchange rate a cure for inflation? East Asian experiences

Glick, Reuven; Hutchison, Michael - Center for Pacific Basin Monetary and Economic Studies, … - 1995

A common argument for pegging the exchange rate is that it enforces discipline on domestic monetary policy, thus stabilizing inflation expectations. This paper argues that this reasoning does not necessarily apply to East Asia, as the nominal exchange rate pegging policies of these economies are...

Persistent link: https://www.econbiz.de/10005078386

Is pegging the exchange rate a cure for inflation? East Asian experiences

Glick, Reuven; Moreno, Ramon - In: FRBSF Economic Letter (1995)

Persistent link: https://www.econbiz.de/10005346578

Responses to capital inflows in Malaysia and Thailand

Glick, Reuven; Moreno, Ramon - In: FRBSF Economic Letter (1995)

Persistent link: https://www.econbiz.de/10005707068

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

relative prices in microeconomic data. Error correction model estimates indicate that a different mix of shocks drives …, we find that micro relative prices exhibit every bit as much persistence as aggregate real exchange rates. These results … challenge theories of real exchange rate persistence based on sticky prices and heterogeneity across goods. © 2013 The President …

Persistent link: https://www.econbiz.de/10011009866

Global price dispersion: are prices converging or diverging?

Bergin, Paul R.; Glick, Reuven - Federal Reserve Bank of San Francisco - 2006

This paper documents significant time-variation in the degree of global price convergence over the last two decades. In particular, there appears to be a general U-shaped pattern with price dispersion first falling and then rising in recent years, a pattern which is remarkably robust across...

Persistent link: https://www.econbiz.de/10005361528

Are global prices converging or diverging?

Glick, Reuven - In: FRBSF Economic Letter (2007)

This Economic Letter reports on recent research that analyzes trends in global prices over the past decade and a half … be the hike in oil prices in recent years, which has raised transportation costs. …

Persistent link: https://www.econbiz.de/10005346804

How good is PPP?

Glick, Reuven - In: FRBSF Economic Letter (1989)

Persistent link: https://www.econbiz.de/10005346814

Central bank announcements of asset purchases and the impact on global financial and commodity markets

Glick, Reuven; Leduc, Sylvain - Federal Reserve Bank of San Francisco - 2011

.S. dollar and the British pound on announcement days, while commodity prices generally declined despite this more stimulative … triggering a decline in commodity prices. Moreover, our analysis illustrates the importance of controlling for market … expectations when assessing these effects. We find that positive U.S. monetary surprises led to declines in commodity prices, even …

Persistent link: https://www.econbiz.de/10009395273

The pass-through effect on U.S. imports

Glick, Reuven; Moreno, Ramon - In: FRBSF Economic Letter (1986)

Persistent link: https://www.econbiz.de/10005707134

Productivity, tradability, and the long-run price puzzle

Bergin, Paul; Glick, Reuven; Taylor, Alan M. - Federal Reserve Bank of San Francisco - 2004

Long-run cross-country price data exhibit a puzzle. Today, richer countries exhibit higher price levels than poorer countries, a stylized fact usually attributed to the “Balassa-Samuelson” effect. But looking back fifty years, or more, this effect virtually disappears from the data. What is...

Persistent link: https://www.econbiz.de/10005721449