This paper integrated two lines of research on exchange rate: the “noise trader ” ap-proach and the new open macroeconomic approach. Two different types of foreign exchange traders and a foreign trader firm/industry are introduced into the dynamic general equilib-rium framework of the new open economy macroeconomic literature. One type is the so called “rational/informed trader ” and the other type is called the “noise trader”. Results from the model show that the introduction of the noise trader into new open economy macroeconomic model will help to explain the “exchange rate disconnect puzzle”. It also provides a well-defined context for exchange rate policy evaluation and welfare analysis for future research
This thesis consists of three essays on exchange rate behavior and optimal monetary policy in open e...
Exchange rate economics has achieved substantial development in the past few decades. Despite extens...
This book brings together recent work in open economy macroeconomics from economists working in this...
This paper proposes a framework to explain the "exchange rate disconnect puzzle". Two types of forei...
Both the literature and new empirical evidence show that exchange rate regimes differ primarily by t...
The aim of the paper is to identify the impact of the currency transaction tax on the foreign exchan...
We use a laboratory market to investigate the behavior of traders who lack informational advantages ...
In this paper we analyze the effectiveness of sterilized interventions in the foreign exchange marke...
This paper studies the choice of monetary policy regime in a small open economy under productivity s...
The two essays of the dissertation address the exchange rate disconnect puzzle from a new point of v...
In this research we investigate the behavior of noise traders and their impact on the market. We do ...
The paper offers an examination of the foreign exchange markets as they currently operate, followed ...
This paper examines the performance of different new open economy macroeconomic models in explaining...
The paper reviews the directions of research that offer important insights into open economy macroec...
This article extends the previous literature on the Tobin tax and financial transaction tax. We inve...
This thesis consists of three essays on exchange rate behavior and optimal monetary policy in open e...
Exchange rate economics has achieved substantial development in the past few decades. Despite extens...
This book brings together recent work in open economy macroeconomics from economists working in this...
This paper proposes a framework to explain the "exchange rate disconnect puzzle". Two types of forei...
Both the literature and new empirical evidence show that exchange rate regimes differ primarily by t...
The aim of the paper is to identify the impact of the currency transaction tax on the foreign exchan...
We use a laboratory market to investigate the behavior of traders who lack informational advantages ...
In this paper we analyze the effectiveness of sterilized interventions in the foreign exchange marke...
This paper studies the choice of monetary policy regime in a small open economy under productivity s...
The two essays of the dissertation address the exchange rate disconnect puzzle from a new point of v...
In this research we investigate the behavior of noise traders and their impact on the market. We do ...
The paper offers an examination of the foreign exchange markets as they currently operate, followed ...
This paper examines the performance of different new open economy macroeconomic models in explaining...
The paper reviews the directions of research that offer important insights into open economy macroec...
This article extends the previous literature on the Tobin tax and financial transaction tax. We inve...
This thesis consists of three essays on exchange rate behavior and optimal monetary policy in open e...
Exchange rate economics has achieved substantial development in the past few decades. Despite extens...
This book brings together recent work in open economy macroeconomics from economists working in this...