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Expenditure Switching vs. Real Exchange Rate Stabilization: Competing Objectives for Exchange Rate Policy
16 references·3 citing·40 second hop
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References

  • 2005INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY5,508 cited
  • 1997An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy2,077 cited
  • 1996Goods Prices and Exchange Rates: What Have We Learned?1,495 cited
  • 2002Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?1,142 cited
  • 1995How Wide is the Border?1,059 cited
  • 1999New Directions for Stochastic Open Economy Models884 cited
  • 1986Nominal exchange rate regimes and the behavior of real exchange rates: Evidence and implications860 cited
  • 2001Welfare and Macroeconomic Interdependence732 cited
  • 1989Commodity Trade and International Risk Sharing: How Much Do Financial Markets Matter?648 cited
  • 1998Interest-Rate Rules in an Estimated Sticky Price Model562 cited
  • 2003Distribution costs and real exchange rate dynamics during exchange-rate-based stabilizations561 cited
  • 2005International dimensions of optimal monetary policy521 cited
  • 2014The case for flexible exchange rates479 cited
  • 2000Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?336 cited
  • 1999What Should the Monetary Authority Do When Prices Are Sticky

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321 cited
  • 1992Real Exchange Rates and Relative Prices: An Empirical Investigation304 cited
  • Cited by

    • 2007Current Account Deficits in Rich Countries36 cited
    • 2006Expectations and Exchange Rate Policy19 cited
    • 2005The Simple Geometry of Transmission and Stabilization in Closed and Open Economies18 cited