P Beaudry, F Portier - Journal of Economic Literature, 2014 - aeaweb.org
There is a widespread belief that changes in expectations may be an important independent driver of economic fluctuations. The news view of business cycles offers a formalization of …
C Engel - Journal of International Money and Finance, 2016 - Elsevier
International coordination of central bank policy - ScienceDirect Skip to main contentSkip to article Elsevier logo Journals & Books Search RegisterSign in View PDF Download full issue …
We study the problem of a monetary authority pursuing an exchange rate policy that is inconsistent with interest rate parity because of a binding zero lower bound constraint. The …
This paper is a partial exploration of mechanisms through which global factors influence the tradeoffs that US monetary policy faces. It considers three main channels. The first is the …
Ö Akinci, A Queralto - The Review of Financial Studies, 2024 - academic.oup.com
We develop a quantitative model with imperfections in domestic and international financial markets that generates strong effects of US monetary policy on emerging markets (EMs) …
C Engel - Annu. Rev. Econ., 2014 - annualreviews.org
This article considers recent literature on optimal monetary policy in simple open-economy models. The presence of pricing to market, incomplete financial markets, and differences in …
K Egorov, D Mukhin - American Economic Review, 2023 - aeaweb.org
Empirical evidence shows that most international prices are sticky in dollars. This paper studies the policy implications of this fact in the context of an open economy model with …
T Zhang - The Journal of Finance, 2022 - Wiley Online Library
This paper explores the role of trade invoicing currencies in the international spillover of monetary policy. Using high‐frequency measures of Federal Reserve monetary policy …
G Corsetti, L Dedola, S Leduc - Journal of the European …, 2014 - academic.oup.com
This paper analyzes the cross-country effects of productivity and demand disturbances in the United States identified with sign restrictions based on standard theory. Productivity gains in …