Search Results

Showing results 1 to 2 of approximately 2.

(refine search)
SORT BY: PREVIOUS / NEXT
Keywords:rates 

Working Paper
A monetary model of the exchange rate with informational frictions

Data for the U.S. and the Euro area during the post-Bretton Woods period shows that nominal and real exchange rates are more volatile than consumption, very persistent, and highly correlated with each other. Standard models with nominal rigidities match reasonably well the volatility and persistence of the nominal exchange rate, but require an average contract duration above 4 quarters to approximate the real exchange rate counterparts. I propose a two-country model with financial intermediaries and argue that: First, sticky and asymmetric information introduces a lag in the consumption ...
Globalization Institute Working Papers , Paper 02

Speech
A Solution to Every Puzzle

Remarks at the 2020 U.S. Treasury Market Conference (delivered via videoconference).
Speech

FILTER BY year

FILTER BY Series

FILTER BY Content Type

Speech 1 items

Working Paper 1 items

FILTER BY Author

FILTER BY Jel Classification

F31 1 items

F37 1 items

F41 1 items

FILTER BY Keywords

rates 2 items

COVID-19 1 items

Federal Reserve 1 items

Foreign 1 items

Treasury securities 1 items

central banks 1 items

show more (6)

PREVIOUS / NEXT