Equilibrium exchange rates and supply-side performance

Economic Journal

Volumn 113, Issue 486, 2003, Pages

  Benigno, Gianluca ^a   Thoenissen, Christoph ^b  

^a LONDON SCHOOL OF ECONOMICS   (United Kingdom)

^b NONE

Author keywords

[No Author keywords available]

Indexed keywords

EXCHANGE RATE; MARKET CONDITIONS; PERFORMANCE ASSESSMENT; PRICE DYNAMICS; THEORETICAL STUDY;

EUROPE;

EID: 0037356593     PISSN: 00130133     EISSN: None     Source Type: Journal    
DOI: 10.1111/1468-0297.00113     Document Type: Article

References (26)

1. Batini, N., Harrison, R. and Millard, S. (2001). 'Monetary policy rules for open economies', Bank of England Working Paper no. 149.
2. Benigno, G. (2001). 'Real exchange rate persistence and monetary policy rules', London School of Economics, unpublished.
3. Benigno, G. and Benigno, P. (2001). 'Monetary policy rules and the exchange rate', CEPR Working Paper, No 2807.
4. Benigno, G. and Thoenissen, C. (2002). 'Equilibrium exchange rates and supply-side performance', Bank of England Working Paper, no 156.
5. Benigno, P. (2001). 'Price stability with imperfect financial integration', CEPR Working Paper, No. 2854.
6. Betts, C. and Devereux, M. (1996). 'The exchange rate in a model with pricing-to-market'. European Economic Review, vol. 40, pp. 1007-21.
7. Calvo, G.A. (1983). 'Staggered prices in a utility-maximising framework', Journal of Monetary Economics, vol. 12, pp. 383-98.
8. Chari, V.V., Kehoe, P.J. and McGrattan, E.R. (2002). 'Can sticky price models generate volatile and persistent real exchange rates?', Review of Economic Studies, vol. 69(5), pp. 533-63.
9. Corsetti, G. and Pesenti, P. (2001). 'International dimension of optimal monetary policy', Yale University, unpublished.
10. Devereux, M.B. and Engel, C. (2000). 'Monetary policy in the open economy revisited: price setting and exchange rate flexibility', NBER Working Paper, No. 7655.
11. Devereux, M.B. and Engel, C. (2001). 'Endogenous currency of price setting in a dynamic open economy model', NBER Working Paper, No. 8559.
12. Devereux, M.B. and Engel, C. (2002). 'Exchange rate pass-through, exchange rate volatility, and exchange rate disconnect', Journal of Monetary Economics, vol. 49(5), pp. 913-46.
13. Engel, C. (1999). 'Accounting for US real exchange rate changes', Journal of Political Economy, vol. 107, no. 3, pp. 507-38.
14. Erceg, C.J., Henderson, D.W. and Levin, A.T. (2000). 'Optimal monetary policy with staggered wage and price contracts', Journal of Monetary Economics, vol. 46(2), pp. 381-413.
15. Gali, J. and Gertler, M. (1999). 'Inflation dynamics: a structural econometric analysis', Journal of Monetary Economics, vol. 44, October, pp. 195-222.
16. King, R. and Watson, M. (1998). 'The solution of singular linear difference systems under rational expectations', International Economic Review, vol. 39(4), pp. 1015-26.
17. Kollmann, R. (2001). 'Macroeconomic effects of nominal exchange rate regimes: new insights into the role of price dynamics', University of Bonn, unpublished.
18. Krugman, P.R. (1989). 'Differences in income elasticities and trends in real exchange rates', European Economic Review, vol. 33, pp. 1031-54.
19. Lane, P.R. (2001). 'The new open economy macroeconomic: a survey', Journal of International Economics, vol. 54(2), pp. 235-66.
20. Neiss, K.S. and Nelson, E. (2001). 'The real interest rate gap as an inflation indicator', Bank of England Working Paper no. 130.
21. Obstfeld, M. and Rogoff, K. (2000). 'New directions for stochastic open economy models', Journal of Internationl Economics, vol. 50(1), pp. 117-53.
22. Rotemberg, J.J. and Woodford, M. (1997). 'An optimization-based econometric framework for the evaluation of monetary policy', in (B.S. Bernanke, and J.J. Rotemberg, eds), NBER Macroeconomic Annual Cambridge, MA: MIT Press.
23. Sbordone, A. (2000). 'An optimising model of US wage and price dynamics', Rutgers, University, unpublished.
24. Smets, F. and Wouters, R. (2001). 'Monetary policy in an estimated stochastic dynamic general equilibrium model of the euro area', European Central Bank, unpublished.
25. Tille, C., Stoffels, N. and Gorbachev, O. (2001). 'To what extent does productivity drive the dollar?', Current Issues in Economics and Finance, vol. 7 (8), Federal Reserve Bank of New York.
26. Warnock, F.E. (2000). 'Idiosyncratic tastes in a two-country optimizing model: implications of a standard presumption', International Finance Discussion Paper, No. 631, Board of Governors of the Federal Reserve System.