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Exchange rate flexibility, the real exchange rate, and adjustment to terms‐of‐trade shocks
Carrière‐Swallow, Yan; Magud, Nicolás E.; Yépez, … - In: Review of International Economics 29 (2021) 2, pp. 439-483
Persistent link: https://www.econbiz.de/10012538777
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No Pain, All Gain? Exchange Rate Flexibility and the Expenditure-Switching Effect
Carriere-Swallow, Yan - 2018
Theoretical models on the relationship between prices and exchange rates predict that the magnitude of expenditure switching affects the optimal choice of exchange rate regime. Focusing on the transmission of terms-of-trade shocks to domestic real variables we document that the magnitude of the...
Persistent link: https://www.econbiz.de/10012907952
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No pain, all gain? : exchange rate flexibility and the expenditure-switching effect
Carrière-Swallow, Yan; Magud, Nicolas; Yépez, Juan F. - 2018
Theoretical models on the relationship between prices and exchange rates predict that the magnitude of expenditure switching affects the optimal choice of exchange rate regime. Focusing on the transmission of terms-of-trade shocks to domestic real variables we document that the magnitude of the...
Persistent link: https://www.econbiz.de/10011932383