Exchange rate behavior is analyzed in the context of a stochastic rational expectations model in which there are random shocks to the price-setting mechanism and in which the authorities choose to impose either nominal or real exchange rate bands. The effects of rules for realignment of the band are also examined. Results are compared with those that emerge from a simple monetary model subject to velocity shocks
The trade-off between interest rate variability and the width of an exchange rate target zone is exa...
We evaluate the macroeconomic performance of different monetary policy rules when there are bubbles ...
The trade-off between interest rate variability and the width of an exchange rate target zone is exa...
We formulate a stochastic rational-expectations model of exchange rate determination in which there ...
The first chapter of this dissertation analyzes a stochastic rational expectations macro model and t...
We present a simple behavioral model with chartists and fundamentalists and analyze their trading be...
We present a simple behavioral model with chartists and fundamentalists and analyze their trading be...
In this paper I test the hypothesis that expectations of exchange rate movements are formed rational...
The extent to which exchange rate management can coexist with an independent monetary policy is exam...
This paper develops an empirical model of exchange rates in a target zone. The distribution of excha...
We examine the effects of endogenously determined realignment expectations in a model of a target zo...
The purpose of this paper is to implement empirically a variant of the new theory of exchange rate t...
Abstract: The purpose of this paper is to implement empirically a variant of the new theory of excha...
We examine the effects of endogenously determined realignment expectations in a model of a target zo...
We consider an economy under a fixed exchange rate system, but with bounds (a minimum level or a ban...
The trade-off between interest rate variability and the width of an exchange rate target zone is exa...
We evaluate the macroeconomic performance of different monetary policy rules when there are bubbles ...
The trade-off between interest rate variability and the width of an exchange rate target zone is exa...
We formulate a stochastic rational-expectations model of exchange rate determination in which there ...
The first chapter of this dissertation analyzes a stochastic rational expectations macro model and t...
We present a simple behavioral model with chartists and fundamentalists and analyze their trading be...
We present a simple behavioral model with chartists and fundamentalists and analyze their trading be...
In this paper I test the hypothesis that expectations of exchange rate movements are formed rational...
The extent to which exchange rate management can coexist with an independent monetary policy is exam...
This paper develops an empirical model of exchange rates in a target zone. The distribution of excha...
We examine the effects of endogenously determined realignment expectations in a model of a target zo...
The purpose of this paper is to implement empirically a variant of the new theory of exchange rate t...
Abstract: The purpose of this paper is to implement empirically a variant of the new theory of excha...
We examine the effects of endogenously determined realignment expectations in a model of a target zo...
We consider an economy under a fixed exchange rate system, but with bounds (a minimum level or a ban...
The trade-off between interest rate variability and the width of an exchange rate target zone is exa...
We evaluate the macroeconomic performance of different monetary policy rules when there are bubbles ...
The trade-off between interest rate variability and the width of an exchange rate target zone is exa...