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Nominal Exchange Rate Shocks and Inflation in an Open Economy : Towards a Structuralist Inflation Targeting Agenda

Bastian, Eduardo - 2017

This paper develops a model of inflation in an open economy. The model permits analysis of the susceptibility of open … paper arrives at a “structuralist inflation targeting agenda”. Based on a proper conception of inflation dynamics, this … involves “getting inflation targeting right” rather than either accepting mainstream inflation targeting prescriptions or …

Persistent link: https://www.econbiz.de/10012954770

Understanding the time variation in exchange rate pass-through to import prices

Cunningham, Rose M.; Friedrich, Christian; Hess, Kristina; … - 2017

In this paper, we analyze the presence of time variation in the pass-through from the nominal effective exchange rate to import prices for 24 advanced economies over the period 1995-2015. In line with earlier studies in the literature, we find substantial heterogeneity in the level of exchange...

Persistent link: https://www.econbiz.de/10011747729

China's evolving managed float : an exploration of the roles of the fix and broad dollar movements in explaining daily exchange rate changes

Clark, John - 2017

We investigate the drivers of daily changes in the exchange value of the Chinese currency (CNY) since early 2016, when a new regime was introduced for setting the fix - the midpoint of the CNY's daily trading range against the U.S. dollar. Daily changes in the fix, which is announced just prior...

Persistent link: https://www.econbiz.de/10011754330

Twin Stability Problem : Joint Issue of High Current Account Deficit and High Inflation

Kılınç, Mustafa - 2016

(and other) policy tools. Full Publication: 'http://ssrn.com/abstract=2870167' Inflation Mechanisms, Expectations and …

Persistent link: https://www.econbiz.de/10012978985

A monetary model of China-US trade relations

Cheng, Wenli; Zhang, Dingsheng - In: Economic modelling 29 (2012) 2, pp. 233-238

Persistent link: https://www.econbiz.de/10009536031

Gesamtwirtschaftliche Auswirkungen von Wechselkursänderungen im Zuge eines globalen "Währungskrieges": Modellsimulationen

Breuss, Fritz - In: Österreichs Außenwirtschaft (2010), pp. 225-234

Persistent link: https://www.econbiz.de/10008906282

China's exchange rate and financial repression : the conflicted emergence of the renminbi as an international currency

McKinnon, Ronald I.; Schnabl, Gunther - 2014

China has been provoked into speeding renminbi internationalization. But despite rapid growth in offshore financial … repression in domestic interest rates→to avoid an avalanche of foreign capital inflows that would threaten inflation and asset … could attract even more hot money inflows, the People's Bank of China should focus on tightly stabilizing the yuan/ dollar …

Persistent link: https://www.econbiz.de/10010249643

Exports and invoicing: evidence from the 2015 Swiss Franc appreciation

Auer, Raphael A.; Burstein, Ariel T.; Erhardt, Katharina; … - 2020

The Swiss National Bank's (SNB) elimination of the lower bound on the EUR/CHF exchange rate on January 15 2015 provides a unique setting to study how prices and quantities respond to changes in nominal exchange rates. In this paper, we complement the study of imports in Auer et al. (2020) by...

Persistent link: https://www.econbiz.de/10012309667

Exchange Rates and Prices : Evidence from the 2015 Swiss Franc Appreciation

Auer, Raphael - 2019

The removal of the lower bound on the EUR/CHF exchange rate in January 2015 provides a unique setting to study the implications of a large and sudden appreciation in an otherwise stable macroeconomic environment. Using transaction-level data on non-durable goods purchases by Swiss consumers, we...

Persistent link: https://www.econbiz.de/10012896768

The Russian economy amidst the war and sanctions

Astrov, Vasily; Kochnev, Artem; Stamer, Vincent; Teti, … - 2024

The marked turnaround in Russia's foreign trade in 2023 exerted strong downward pressure on the Russian rouble, which lost around 30% of its value. Global oil prices were declining in the first half of the year, the EU import embargo on Russian oil depressed prices even further; and on top of...

Persistent link: https://www.econbiz.de/10015065596