Floating exchange rates and inflation in Germany: Are external shocks really irrelevant?

Economics Letters

Volumn 93, Issue 3, 2006, Pages 393-397

  Basse, Tobias ^a  

^a Norddeutsche Landesbank ^*  (Germany)

Author keywords

Cointegration; Flexible exchange rates; Monetary policy

Indexed keywords

EID: 33751172340     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.econlet.2006.06.016     Document Type: Article

References (16)

1. Beaudry P., and Saito M. Estimating the effects of monetary shocks: an evaluation of different approaches. Journal of Monetary Economics 42 (1998) 241-260
2. Christiano L.J., Eichenbaum M., and Evans C.L. Identification and the effects of monetary policy shocks. In: Blejer M.I., et al. (Ed). Financial Factors in Economic Stability and Growth (1996), Cambridge University Press, Cambridge 36-74
3. Cooper, R.N., 1984, Is there a need for reform? In: Federal Reserve Bank of Boston, ed., The International Monetary System: Forty Years after Bretton Woods, (Federal Reserve Bank of Boston, Boston), 21-39.
4. Cooper R.N. Exchange rate choices. In: Little J.S., and Olivei G.P. (Eds). Rethinking the International Monetary System (1999), Federal Reserve Bank of Boston, Boston 99-123
5. Edwards S. The great exchange rate debate after Argentina. North American Journal of Economics and Finance 13 (2002) 237-252
6. Emminger, O., 1984, Adjustments in world payments: an evaluation. In: Federal Reserve Bank of Boston, ed., The International Monetary System: Forty Years after Bretton Woods, (Federal Reserve Bank of Boston, Boston), 196-207.
7. Hicks J. A Market Theory of Money (1989), Clarendon Press, Oxford
8. Hoover K.D., and Perez S.J. Money may matter, but how could you know?. Journal of Monetary Economics 34 (1994) 89-99
9. Johansen S. Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregressive models. Econometrica 59 (1991) 1551-1580
10. MacKinnon J.G., Haug A.A., and Michelis L. Numerical distribution functions of likelihood ratio tests for cointegration. Journal of Applied Econometrics 14 (1999) 563-577
11. McKinnon R., and Schnabl G. The East Asian dollar standard, fear of floating, and original sin. Review of Development Economics 8 (2004) 331-360
12. Meltzer A.H. Real exchange rates: some evidence from the postwar years. Federal Reserve Bank of St. Louis Review 75 (1993) 103-117
13. Romer C.D., and Romer D.H. Monetary policy matters. Journal of Monetary Economics 34 (1994) 75-88
14. Roosa, R.V., 1984, Exchange rate arrangements in the eighties. In: Federal Reserve Bank of Boston, ed., The International Monetary System: Forty Years after Bretton Woods, (Federal Reserve Bank of Boston, Boston), 104-118.
15. Shambaugh J.C. The effect of fixed exchange rates on monetary policy. Quarterly Journal of Economics 119 (2004) 301-352
16. Schlesinger H. Recent developments in West German monetary policy. In: Frowen S.F., Courakis A.S., and Miller M.H. (Eds). Monetary Policy and Economic Activity in West Germany (1977), Gustav Fischer Verlag, Stuttgart 1-12