메뉴 건너뛰기




Volumn 10, Issue 1, 2010, Pages

A model of the exchange rate with informational frictions

Author keywords

Bilateral exchange rates; Bond intermediation; Informational frictions; Price stickiness

Indexed keywords


EID: 77249145054     PISSN: None     EISSN: 19351690     Source Type: Journal    
DOI: 10.2202/1935-1690.1969     Document Type: Article
Times cited : (1)

References (25)
  • 1
    • 1642542021 scopus 로고    scopus 로고
    • Real exchange rate persistence and monetary policy rules
    • Benigno, G., 2004. Real Exchange Rate Persistence and Monetary Policy Rules. Journal of Monetary Economics 51(3), 473-502.
    • (2004) Journal of Monetary Economics , vol.51 , Issue.3 , pp. 473-502
    • Benigno, G.1
  • 2
    • 49249090384 scopus 로고    scopus 로고
    • Consumption and real exchange rates with incomplete markets and non-traded goods
    • Benigno, G., Thoenissen, C., 2008. Consumption and Real Exchange Rates with Incomplete Markets and Non-Traded Goods. Journal of International Money and Finance 27(6), 926-948.
    • (2008) Journal of International Money and Finance , vol.27 , Issue.6 , pp. 926-948
    • Benigno, G.1    Thoenissen, C.2
  • 3
    • 58849149415 scopus 로고    scopus 로고
    • Price stability with imperfect financial integration
    • Benigno, P., 2009. Price Stability with Imperfect Financial Integration. Journal of Money, Credit and Banking 41(s1), 121-149.
    • (2009) Journal of Money, Credit and Banking , vol.41 , Issue.S1 , pp. 121-149
    • Benigno, P.1
  • 4
    • 4544260608 scopus 로고    scopus 로고
    • Some evidence on the importance of sticky prices
    • Bils, M., Klenow, P., 2004. Some Evidence on the Importance of Sticky Prices. Journal of Political Economy 112(5), 947-985.
    • (2004) Journal of Political Economy , vol.112 , Issue.5 , pp. 947-985
    • Bils, M.1    Klenow, P.2
  • 6
    • 48749143178 scopus 로고
    • Staggered Prices in a Utility-Maximizing Framework
    • Calvo, G.A., 1983. Staggered Prices in a Utility-Maximizing Framework. Journal of Monetary Economics 12(3), 383-398.
    • (1983) Journal of Monetary Economics , vol.12 , Issue.3 , pp. 383-398
    • Calvo, G.A.1
  • 7
    • 0036655918 scopus 로고    scopus 로고
    • Can sticky price models generate volatile and persistent real exchange rates?
    • Chari, V.V., Kehoe, P.J., McGrattan, E.R., 2002. Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates? Review of Economic Studies 69(3), 533-563.
    • (2002) Review of Economic Studies , vol.69 , Issue.3 , pp. 533-563
    • Chari, V.V.1    Kehoe, P.J.2    McGrattan, E.R.3
  • 8
    • 0036809885 scopus 로고    scopus 로고
    • Solving Dynamic Equilibrium Models by a Method of Undetermined Coef-cients
    • Christiano, L.J., 2002. Solving Dynamic Equilibrium Models by a Method of Undetermined Coef-cients. Computational Economics 20(1-2), 21-55.
    • (2002) Computational Economics , vol.20 , Issue.1-2 , pp. 21-55
    • Christiano, L.J.1
  • 9
    • 15844392342 scopus 로고    scopus 로고
    • Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy
    • Christiano, L.J., Eichenbaum, M., Evans, C.L., 2005. Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy. Journal of Political Economy 113(1), 1-45.
    • (2005) Journal of Political Economy , vol.113 , Issue.1 , pp. 1-45
    • Christiano, L.J.1    Eichenbaum, M.2    Evans, C.L.3
  • 10
    • 0036339136 scopus 로고    scopus 로고
    • A simple framework for international policy analysis
    • Clarida, R., Galí, J., Gertler, M., 2002. A Simple Framework for International Policy Analysis. Journal of Monetary Economics 49(5), 879-904.
    • (2002) Journal of Monetary Economics , vol.49 , Issue.5 , pp. 879-904
    • Clarida, R.1    Galí, J.2    Gertler, M.3
  • 11
    • 0032870113 scopus 로고    scopus 로고
    • Accounting for U.S. real exchange rate changes
    • Engel, C., 1999. Accounting for U.S. Real Exchange Rate Changes. Journal of Political Economy 107(3), 507-538.
    • (1999) Journal of Political Economy , vol.107 , Issue.3 , pp. 507-538
    • Engel, C.1
  • 14
    • 21244499323 scopus 로고    scopus 로고
    • Technology shocks and aggregate fluctuations: How well does the RBC model fit the postwar U.S. Data
    • Gertler, M., Rogoff, K. (Eds.) . Cambridge, Massachusetts: MIT University Press
    • Galí, J., Rabanal, P., 2005. Technology Shocks and Aggregate Fluctuations: How Well Does the RBC Model Fit the Postwar U.S. Data. In: Gertler, M., Rogoff, K. (Eds.). NBER Macroeconomics Annual 2004, vol.19. Cambridge, Massachusetts: MIT University Press, 225-288.
    • (2005) NBER Macroeconomics Annual 2004 , vol.19 , pp. 225-288
    • Galí, J.1    Rabanal, P.2
  • 16
    • 0036867964 scopus 로고    scopus 로고
    • Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve
    • Mankiw, N.G., Reis, R., 2002. Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve. Quarterly Journal of Economics 117(4), 1295-1328.
    • (2002) Quarterly Journal of Economics , vol.117 , Issue.4 , pp. 1295-1328
    • Mankiw, N.G.1    Reis, R.2
  • 18
    • 0033953153 scopus 로고    scopus 로고
    • New directions for stochastic open economy models
    • Obstfeld, M., Rogoff, K., 2000. New Directions for Stochastic Open Economy Models. Journal of International Economics 50(1), 117-153.
    • (2000) Journal of International Economics , vol.50 , Issue.1 , pp. 117-153
    • Obstfeld, M.1    Rogoff, K.2
  • 19
    • 27744497180 scopus 로고    scopus 로고
    • Comparing new keynesian models of the business cycle: A bayesian approach
    • Rabanal, P., Rubio-Ramírez, J.F., 2005. Comparing New Keynesian Models of the Business Cycle: A Bayesian Approach. Journal of Monetary Economics 52(6), 1151-1166.
    • (2005) Journal of Monetary Economics , vol.52 , Issue.6 , pp. 1151-1166
    • Rabanal, P.1    Rubio-Ramírez, J.F.2
  • 20
    • 77249083371 scopus 로고    scopus 로고
    • Euro-Dollar Real Exchange Rate Dynamics in an Estimated Two-Country Model: What Is Important and What Is Not
    • Rabanal, P., Tuesta, V., 2006. Euro-Dollar Real Exchange Rate Dynamics in an Estimated Two-Country Model: What Is Important and What Is Not. International Monetary Fund Working Paper No. 06/177.
    • (2006) International Monetary Fund Working Paper No. 06/177
    • Rabanal, P.1    Tuesta, V.2
  • 21
    • 0000786475 scopus 로고    scopus 로고
    • The purchasing power parity puzzle
    • Rogoff, K., 1996. The Purchasing Power Parity Puzzle. Journal of Economic Literature 34(2), 647-668.
    • (1996) Journal of Economic Literature , vol.34 , Issue.2 , pp. 647-668
    • Rogoff, K.1
  • 22
    • 0345982186 scopus 로고    scopus 로고
    • An optimization-based econometric model for the evaluation of monetary policy
    • Bernanke, B.S., Rotemberg, J.J. (Eds.) Cambridge, Massachusetts: MIT University Press
    • Rotemberg, J.J., Woodford, M., 1998. An Optimization-Based Econometric Model for the Evaluation of Monetary Policy. In: Bernanke, B.S., Rotemberg, J.J. (Eds.). NBER Macroeconomics Annual 1997, vol.12. Cambridge, Massachusetts: MIT University Press, 297-346.
    • (1998) NBER Macroeconomics Annual 1997 , vol.12 , pp. 297-346
    • Rotemberg, J.J.1    Woodford, M.2
  • 23
    • 16244408036 scopus 로고    scopus 로고
    • Learning and monetary policy shifts
    • Schorfheide, F., 2005. Learning and Monetary Policy Shifts. Review of Economic Dynamics 8(2), 392-419.
    • (2005) Review of Economic Dynamics , vol.8 , Issue.2 , pp. 392-419
    • Schorfheide, F.1
  • 24
    • 33750328778 scopus 로고    scopus 로고
    • Net foreign assets and imperfect pass-through: The consumption real exchange rate anomaly
    • Selaive, J., Tuesta, V., 2003. Net Foreign Assets and Imperfect Pass-Through: The Consumption Real Exchange Rate Anomaly. International Finance Discussion Papers No. 764.
    • (2003) International Finance Discussion Papers No. 764
    • Selaive, J.1    Tuesta, V.2
  • 25
    • 41849149366 scopus 로고    scopus 로고
    • The dynamic behavior of the real exchange rate in sticky price models
    • Steinsson, J., 2008. The Dynamic Behavior of the Real Exchange Rate in Sticky Price Models. American Economic Review 98(1), 519-533.
    • (2008) American Economic Review , vol.98 , Issue.1 , pp. 519-533
    • Steinsson, J.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.