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Expenditure switching vs. real exchange rate stabilization : competing objectives for exchange rate policy

Devereux, Michael B. (contributor); … - 2006

exchange rate so as to facilitate terms of trade adjustment. We show that optimal nominal exchange rate volatility will reflect …. Quantitatively, we find the optimal exchange rate volatility should be significantly less than would be inferred based solely on … volatility may be non-monotonic …

Persistent link: https://www.econbiz.de/10003320659

Expenditure switching versus real exchange rate stabilization : competing objectives for exchange rate policy

Devereux, Michael B.; Engel, Charles - In: Journal of monetary economics 54 (2007) 8, pp. 2346-2374

Persistent link: https://www.econbiz.de/10003614275

Expenditure Switching vs. Real Exchange Rate Stabilization : Competing Objectives for Exchange Rate Policy

Devereux, Michael B. - 2009

exchange rate so as to facilitate terms of trade adjustment. We show that optimal nominal exchange rate volatility will reflect … bias in production. Quantitatively, we find the optimal exchange rate volatility should be significantly less than would be … optimal exchange rate volatility may be non-monotonic …

Persistent link: https://www.econbiz.de/10012767336

Expenditure Switching vs. Real Exchange Rate Stabilization : Competing Objectives for Exchange Rate Policy

Devereux, Michael B. - 2006

Persistent link: https://www.econbiz.de/10012466453

Macroeconomic Stability : Transition Towards the Nominal Exchange Rate Stability

Brázdik, František - 2013

The novelty of this work is in the presentation of a theoretical framework that allows the modeling of an announced switch of the monetary regime. In our experiment, the monetary authority announces stabilization of the nominal exchange rate after the announced number of periods. We analyze the...

Persistent link: https://www.econbiz.de/10013095584