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How successful is the G7 in managing exchange rates?
Fratzscher, Marcel - Federal Reserve Bank of Dallas - 2009
The paper assesses the extent to which the Group of Seven (G7) has been successful in its management of major currencies since the 1970s. Using an event-study approach, the paper finds evidence that the G7 has been overall effective in moving the U.S. dollar, yen and euro in the intended...
Persistent link: https://www.econbiz.de/10005712534
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State-dependent pricing, local-currency pricing, and exchange rate pass-through
Landry, Anthony - Federal Reserve Bank of Dallas - 2009
This paper presents a two-country DSGE model with state-dependent pricing as in Dotsey, King, and Wolman (1999) in … time-dependent pricing. In addition, the predictions of the state-dependent pricing model match the business-cycle moments … better than the predictions of the time-dependent pricing model when driven by monetary policy shocks. …
Persistent link: https://www.econbiz.de/10008611002
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Monetary disturbances matter for business fluctuations in the G-7
Canova, Fabio; Nicolo, Gianni De - Federal Reserve Board (Board of Governors of the … - 2000
This paper examines the importance of monetary disturbances for cyclical fluctuations in real activity and inflation. It employs a novel identification approach which uses the sign of the cross-correlation function in response to shocks to assign a structural interpretation to orthogonal...
Persistent link: https://www.econbiz.de/10005712776
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What caused the Great Moderation? : some cross-country evidence
Summers, Peter M. - In: Economic Review (2005) Q III, pp. 5-32
Over the last 20 years or so, the volatility of aggregate economic activity has fallen dramatically in most of the industrialized world. The timing and nature of the decline vary across countries, but the phenomenon has been so widespread and persistent that it has earned the label: “the Great...
Persistent link: https://www.econbiz.de/10005713184
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Global slack and domestic inflation rates: a structural investigation for G-7 countries
Milani, Fabio - Federal Reserve Bank of Dallas - 2009
Recent papers have argued that one implication of globalization is that domestic inflation rates may have now become more a function of "global," rather than domestic, economic conditions, as postulated by closed-economy Phillips curves. This paper aims to assess the empirical importance of...
Persistent link: https://www.econbiz.de/10005009939
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Monetary policy shocks and productivity measures in the G-7 countries
Evans, Charles L.; Santos, Fernando - Federal Reserve Bank of Chicago - 1993
Persistent link: https://www.econbiz.de/10005410905
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Identifying monetary policy in a small open economy under flexible exchange rates
Cushman, David O.; Zha, Tao - 1995
Previous empirical study on the effects of monetary policy shocks in small open economies has produced exchange rate responses that are inconsistent with existing open economy macroeconomic theory. We argue that a careful identification of monetary policy in an explicit open economy setting is...
Persistent link: https://www.econbiz.de/10010397485
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The impact of policy decisions on global liquidity during the recent financial crisis
Satiroglu, Sait; Sener, Emrah; Shafer, Michael T.; … - In: International journal of finance & economics : IJFE 20 (2015) 2, pp. 178-189
Persistent link: https://www.econbiz.de/10011348424
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Exchange rate pass-through and inflation targets in Chile
Mujica, Patricio; Saens, Rodrigo - In: CEPAL review (2015) 117, pp. 137-146
Persistent link: https://www.econbiz.de/10011517807
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Foreign Exchange : Practical Asset Pricing and Macroeconomic Theory
Iqbal, Adam S. - 2022
’s practical experience to deliver a rigorous yet intuitive application of asset-pricing theory to foreign exchange. Foreign … Exchange: Practical Asset Pricing and Macroeconomic Theory should become the canonical text on this subject.” —Nick Wilson, FX … opportunities in a rapidly changing world. With the right balance of theory and practice, Foreign Exchange: Practical Asset Pricing …
Persistent link: https://www.econbiz.de/10012879104