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Relative monetary policy and exchange rates

Karau, Sören - 2024

shock identification, I find that monetary policy shocks of the US relative to the euro area account for 76 percent of the …

Persistent link: https://www.econbiz.de/10015079889

A de facto Asian-currency unit bloc in East Asia : it has been there but we did not look for It

Girardin, Eric - 2011

(an "Asian Currency Unit"). Common-shock or market-based interpretations of such moves are ruled out since we document …

Persistent link: https://www.econbiz.de/10008907807

Dynamic transition of the exchange rate regime in the People's Republic of China

Yoshino, Naoyuki; Kaji, Sahoko; Asonuma, Tamon - 2014

This paper analyzes the optimal transition of the exchange rate regime in the People's Republic of China (PRC). How the PRC can successfully reach the desired regime - whether a basket peg or floating regime - from the current dollar-peg regime remains a major question. To answer it, we develop...

Persistent link: https://www.econbiz.de/10010345244

What if Brazil hadn't floated the Real in 1999?

Carvalho, Carlos Viana de; Vilela, André D. - 2016

We estimate a dynamic, stochastic, general equilibrium model of the Brazilian economy taking into account the transition from a currency peg to inflation targeting that took place in 1999. The estimated model exhibits quite different dynamics under the two monetary regimes. We use it to produce...

Persistent link: https://www.econbiz.de/10011435702

Dynamic effect of a change in the exchange rate system : from a fixed regime to a basket-peg or a floating regime

Yoshino, Naoyuki; Kaji, Sahoko; Asonuma, Tamon - 2015

This paper theoretically evaluates the dynamic effects of a shift in an exchange rate system from a fixed regime to a basket peg, or to a floating regime, and obtains transition paths for the shift based on a dynamic stochastic general equilibrium model of a small open economy. We apply...

Persistent link: https://www.econbiz.de/10010488975

A De Facto Asian-Currency Unit Bloc in East Asia : It has Been There but We did not Look for It

Girardin, Eric - 2011

(an “Asian Currency Unit”). Common-shock or market-based interpretations of such moves are ruled out since we document …

Persistent link: https://www.econbiz.de/10013131492

Behind the Scenes of Abandoning a Fixed Exchange Rate Regime

Kang, Hyunju - 2015

, I build a quantitative small open economy model in which, in response to the country risk premium shock, the foreign …

Persistent link: https://www.econbiz.de/10013021373

Do Exchange Rates Absorb Demand Shocks at the ZLB?

Hürtgen, Patrick; Hoffmann, Mathias - 2021

appreciates in response to an asymmetric negative demand shock at the zero lower bound (ZLB) and exacerbates the adverse … at the ZLB. In sharp contrast to the full information model: (i) A negative demand shock concentrated in the home country … causes a real exchange rate depreciation that partially absorbs the demand shock. (ii) A VAR with an identified demand shock …

Persistent link: https://www.econbiz.de/10013228710

Essays on the effects of exchange rate flexibility

Shambaugh, Jay C. - 2002

Persistent link: https://www.econbiz.de/10003630493

Models of Sectoral Reallocation

Swanson, Eric T. - 1999

This paper demonstrates several strengths and shortcomings of models of sectoral reallocation. Although such models demonstrate that sectoral reallocation can be an important amplification and propagation mechanism for exogenous shocks, they are essentially unable to explain any effects of...

Persistent link: https://www.econbiz.de/10014198038