Real exchange rate fluctuations and monetary shocks: A revisit

International Journal of Finance and Economics

Volumn 9, Issue 1, 2004, Pages 25-32

  Chen, Shiu Sheng ^a  

^a UNIVERSITY OF WISCONSIN MADISON   (United States)

Author keywords

Monetary shocks; Real exchange rate

Indexed keywords

DECOMPOSITION ANALYSIS; FINANCIAL MARKET; REAL EXCHANGE RATE; VECTOR AUTOREGRESSION;

EID: 1142280943     PISSN: 10769307     EISSN: None     Source Type: Journal    
DOI: 10.1002/ijfe.218     Document Type: Article

References (15)

1. Baldwin, R. 1988. Hypothesis in import prices: the beachhead effect. American Economic Review 78: 773-785.
2. Beaudry P, Devereux M. 1995. Money and the real exchange rate with sticky price; and increasing returns. Carnegie-Rochester Conference Series on Public Policy 43: 55-102.
3. Bureau of the Census, United States. 1975. Historical Statistics of the United States: Colonial Times to 1970. US Department of Commerce.
4. Blanchard O, Quah D. 1989. The dynamic effects of aggregate demand and supply disturbances. American Economic Review 79(4): 655-673.
5. Chari V, Kehoe P, McGrattan E. 2000. Can sticky price models generate volatile and persistent real exchange rates? Federal Reserve Bank of Minneapolis Research Department Staff Report 277.
6. Clarida R, Gali J. 1994. Sources of real exchange-rate fluctuations: how important are nominal shocks. Carnegie-Rochester Conference Series on Public Policy 41: 1-56.
7. Eichenbaum, M. Evans CL. 1995. Some empirical evidence on the effects of shocks to monetary policy on exchange rates. Quarterly Journal of Economics 110: 975-1010.
8. Engel C, Kim, C-J. 1994. The long-run US-UK real exchange rate. Journal of Money, Credit, and Banking 31(3): 335-356.
9. Johansen S. 1991. Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregressive models. Econometrica 59: 1551-1580.
10. Kendrick J. 1961. Productivity Trends in the United States. General Series. no. 71. Princeton University Press: Princeton, NJ.
11. Lastrapes W. 1992. Sources of fluctuationsin real, nominal exchange rates. Review of Economics and Statistics 74(3): 530-539.
12. Mitchell B. 1988. British Historical Statistics. Cambridge University Press: Cambridge.
13. Mussa M. 1986. Nominal exchange rate regimes, the behavior of real exchange rate: evidence and implications. Carnegie-Rochester Conference Series on Public Policy 25: 117-214.
14. Obstfeld M, Rogoff K. 1995. Exchange rate dynamics redux. Journal of Political Economics 102: 624-660.
15. Rogers J. 1999. Monetary shocks and real exchange rates. Journal of International Economics 49: 269-288.