Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?
From MaRDI portal
Publication:4787885
DOI10.1111/1467-937X.00216zbMath1029.91043MaRDI QIDQ4787885
Patrick J. Kehoe, V. V. Chari, Ellen R. McGrattan
Publication date: 8 January 2003
Published in: The Review of Economic Studies (Search for Journal in Brave)
Macroeconomic theory (monetary models, models of taxation) (91B64) Microeconomic theory (price theory and economic markets) (91B24)
Related Items (53)
Is there consumer risk-pooling in the open economy? The evidence reconsidered ⋮ EXCHANGE RATE DYNAMICS, ASSET MARKET STRUCTURE, AND THE ROLE OF THE TRADE ELASTICITY ⋮ Competition and inflation differentials in EMU ⋮ Limited participation and exchange rate dynamics: does theory meet the data? ⋮ The role of net foreign assets in a New Keynesian small open economy model ⋮ Trade adjustment and the composition of trade ⋮ Evaluating an estimated New Keynesian small open economy model ⋮ Fiscal stimulus and labor market policies in Europe ⋮ Price rigidity and the selection of the exchange rate regime ⋮ Is there a case for domestic inflation target? ⋮ INVESTMENT AND REAL EXCHANGE RATES IN STICKY PRICE MODELS ⋮ WELFARE IMPLICATIONS OF HETEROGENEOUS LABOR MARKETS IN A CURRENCY AREA ⋮ State-dependent pricing, local-currency pricing, and exchange rate pass-through ⋮ Learning under fear of floating ⋮ An estimated stochastic general equilibrium model with partial dollarization: a Bayesian approach ⋮ Nontradable goods and the real exchange rate ⋮ What causes banking crises? An empirical investigation for the world economy ⋮ Vertical trade, exchange rate pass-through, and the exchange rate regime ⋮ A quantitative assessment of the role of incomplete asset markets on the dynamics of the real exchange rate ⋮ Redistribution and the monetary‐fiscal policy mix ⋮ Estimation of heuristic switching in behavioral macroeconomic models ⋮ Does trade integration alter monetary policy transmission? ⋮ News shocks and asset price volatility in general equilibrium ⋮ A Bayesian approach to optimal monetary policy with parameter and model uncertainty ⋮ International business cycles with complete markets ⋮ Monetary policy in estimated models of small open and closed economies ⋮ SIZE, OPENNESS, AND MACROECONOMIC INTERDEPENDENCE ⋮ Ramsey policies in a small open economy with sticky prices and capital ⋮ The extensive margin of trade and monetary policy ⋮ How important is fiscal policy cooperation in a currency union? ⋮ The expenditure switching effect, welfare and monetary policy in a small open economy ⋮ Limited participation in international business cycle models: a formal evaluation ⋮ Sellers' local currency pricing or buyers' local currency pricing: does it matter for international welfare analysis? ⋮ Testing for linear and nonlinear Granger causality in the real exchange rate-consumption relation ⋮ Euro-dollar real exchange rate dynamics in an estimated two-country model: an assessment ⋮ Can producer currency pricing models generate volatile real exchange rates? ⋮ Inflation differentials in a currency area: Facts, explanations and policy ⋮ Two orthogonal continents? Testing a two-country DSGE model of the US and the EU using indirect inference ⋮ Trade elasticity of substitution and equilibrium dynamics ⋮ The cause of an integral correction mechanism of the real exchange rate ⋮ Explaining international comovements of output and asset returns: The role of money and nominal rigidities. ⋮ Trade in capital goods and investment-specific technical change. ⋮ Transmission of Nominal Exchange Rate Changes to Export Prices and Trade Flows and Implications for Exchange Rate Policy ⋮ Trade Costs and the Open Macroeconomy ⋮ Inference on stochastic time-varying coefficient models ⋮ MONETARY PERSISTENCE, IMPERFECT COMPETITION, AND STAGGERING COMPLEMENTARITIES ⋮ IMPLEMENTING INTERNATIONAL MONETARY COOPERATION THROUGH INFLATION TARGETING ⋮ Pricing-to-market, limited participation and exchange rate dynamics ⋮ Saving-investment correlations in response to monetary policy shocks: new insights into the Feldstein-Horioka puzzle? ⋮ Reducing global imbalances: can fixed exchange rates and current account limits help? ⋮ North and south: a regional model of the UK ⋮ MACROECONOMIC SHOCKS AND THE FOREIGN EXCHANGE RISK PREMIA ⋮ Nonlinear mean reversion in real exchange rates.
This page was built for publication: Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?