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Do Long-Run Productivity Differentials Explain Long-Run Real Exchange Rates?

Do Long-Run Productivity Differentials Explain Long-Run Real Exchange Rates? »

Source: Do Long-Run Productivity Differentials Explain Long-Run Real Exchange Rates?

Volume/Issue: 1994/60

Series: IMF Working Papers

Author(s): Patrick Asea , and Enrique Mendoza

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1994

ISBN: 9781451847987

Keywords: relative price, real exchange rates, exchange rates, real exchange rate, relative prices

We develop a two-country, balanced-growth intertemporal general equilibrium model to examine two predictions of the Balassa-Samuelson model, namely that (i) productivity differentials determine the domestic relativ...

Dornbusch's Overshooting Model After Twenty-Five Years

Dornbusch's Overshooting Model After Twenty-Five Years »

Source: Dornbusch's Overshooting Model After Twenty-Five Years

Volume/Issue: 2002/39

Series: IMF Working Papers

Author(s): Kenneth Rogoff

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2002

ISBN: 9781451845846

Keywords: Overshooting, exchange rate, rational expectations, money supply, real exchange rates, Open Economy Macroeconomics,

This Mundell Fleming lecture at the International Monetary Fund’s 2001 annual research conference marks the 25th anniversary of Rudiger Dornbusch’s masterpiece, “Expectations and Exchange Rate...

Gauging Risks for Deflation

Gauging Risks for Deflation »

Source: Gauging Risks for Deflation

Volume/Issue: 2009/01

Series: IMF Staff Position Notes

Author(s): Jörg Decressin , and Douglas Laxton

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 January 2009

ISBN: 9781589067295

Keywords: Fiscal policy, monetary policy, interest rates, exchange rate, central banks, central bank

...

GPM6

GPM6 »

Source: GPM6 : The Global Projection Model with 6 Regions

Volume/Issue: 2013/87

Series: IMF Working Papers

Author(s): Ioan Carabenciov , Charles Freedman , Roberto Garcia-Saltos , Douglas Laxton , Ondra Kamenik , and Petar Manchev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2013

ISBN: 9781484318942

Keywords: Macroeconomic Modeling, Bayesian Estimation, exchange rate, inflation, real exchange rate, real interest rate, Model Construction and Estimation, Monetary Policy (Targets, Instruments, and Effects),

This is the sixth of a series of papers that are being written as part of a project to estimate a small quarterly Global Projection Model (GPM). The GPM project is designed to improve the toolkit to which economist...

Gauging Risks for Deflation

Gauging Risks for Deflation »

Volume/Issue: 2009/01

Series: IMF Staff Position Notes

Author(s): Jörg Decressin , and Douglas Laxton

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 January 2009

DOI: http://dx.doi.org/10.5089/9781589067295.004

ISBN: 9781589067295

Keywords: Fiscal policy, monetary policy, interest rates, exchange rate, central banks, central bank

...

Do Long-Run Productivity Differentials Explain Long-Run Real Exchange Rates?

Do Long-Run Productivity Differentials Explain Long-Run Real Exchange Rates? »

Volume/Issue: 1994/60

Series: IMF Working Papers

Author(s): Patrick Asea , and Enrique Mendoza

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1994

DOI: http://dx.doi.org/10.5089/9781451847987.001

ISBN: 9781451847987

Keywords: relative price, real exchange rates, exchange rates, real exchange rate, relative prices

We develop a two-country, balanced-growth intertemporal general equilibrium model to examine two predictions of the Balassa-Samuelson model, namely that (i) productivity differentials determine the domestic relativ...

Dornbusch's Overshooting Model After Twenty-Five Years

Dornbusch's Overshooting Model After Twenty-Five Years »

Volume/Issue: 2002/39

Series: IMF Working Papers

Author(s): Kenneth Rogoff

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2002

DOI: http://dx.doi.org/10.5089/9781451845846.001

ISBN: 9781451845846

Keywords: Overshooting, exchange rate, rational expectations, money supply, real exchange rates, Open Economy Macroeconomics,

This Mundell Fleming lecture at the International Monetary Fund’s 2001 annual research conference marks the 25th anniversary of Rudiger Dornbusch’s masterpiece, “Expectations and Exchange Rate...

Optimal and Sustainable Exchange Rate Regimes
			: A Simple Game-Theoretic Approach

Optimal and Sustainable Exchange Rate Regimes : A Simple Game-Theoretic Approach »

Volume/Issue: 1992/100

Series: IMF Working Papers

Author(s): Masahiro Kawai

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1992

DOI: http://dx.doi.org/10.5089/9781451852325.001

ISBN: 9781451852325

Keywords: exchange rate, exchange rate regime, inflation, money supply

This paper examines the question of how to design an optimal and sustainable exchange rate regime in a world economy of two interdependent countries. It develops a Barro-Gordon type two-country model and compares n...

Stabilization Policies in Developing Countries with a Parallel Market for Foreign Exchange
			: A Formal Framework

Stabilization Policies in Developing Countries with a Parallel Market for Foreign Exchange : A Formal Framework »

Volume/Issue: 1990/16

Series: IMF Working Papers

Author(s): Pierre-Richard Agénor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1990

DOI: http://dx.doi.org/10.5089/9781451923230.001

ISBN: 9781451923230

Keywords: foreign exchange, exchange rate, inflation, foreign currency, parallel exchange rate

The paper develops and tests a model of a developing economy that incorporates trade and capital restrictions, illegal transactions, a parallel foreign exchange market, currency substitution features, and forward-l...

Why Has the Euro Been so Weak?

Why Has the Euro Been so Weak? »

Volume/Issue: 2001/155

Series: IMF Working Papers

Author(s): Guy Meredith

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2001

DOI: http://dx.doi.org/10.5089/9781451857313.001

ISBN: 9781451857313

Keywords: euro weakness, exchange rate, real interest rates, inflation, exchange rate movements, Open Economy Macroeconomics, Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation,

The weakness of the euro has been surprising given the widely-held expectation that it would be a strong currency. This paper critically examines explanations for the slide in the euro, finding that many are questi...