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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/10013121595

Assessing international efficiency

Heathcote, Jonathan; Perri, Fabrizio - 2013 - This version: April, 2013

Persistent link: https://www.econbiz.de/10011814230

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/10012461369

Chapter 9. Assessing International Efficiency

Heathcote, Jonathan; Perri, Fabrizio - In: Handbook of international economics : Volume 4, (pp. 523-584). 2014

This chapter is structured in three parts. The first part outlines the methodological steps, involving both theoretical and empirical work, for assessing whether an observed allocation of resources across countries is efficient. The second part applies the methodology to the long-run allocation...

Persistent link: https://www.econbiz.de/10014025377

Exchange rate volatility, investment, and growth : some new evidence

Corbo, Vittorio - In: Exchange rates, capital flows, and monetary policy in a …, (pp. 55-77). 1997

Persistent link: https://www.econbiz.de/10001402030

Exploring the relationship between exchange rate misalignment uncertainty and economic growth in South Africa

Buthelezi, Eugene Msizi - In: Cogent economics & finance 11 (2023) 2, pp. 1-30

This paper aims to address the relatively limited attention given to the examination of exchange rate misalignment uncertainty in the specific context of South Africa. By specifically focusing on exchange rate misalignment uncertainty, this study fills a crucial gap in the literature and gains a...

Persistent link: https://www.econbiz.de/10014501136