Title:Noise Trading and Exchange Rate Regimes
Author(s):JEANNE, Olivier; ROSE, Andrew K.Date:2002Type of Publication:ArticleAbstract:Policy-makers often justify their choice of fixed exchange rate regimes as a shelter against nonfundamental influences in the foreign exchange market. This paper proposes a framework, based on endogenous noise trading, ...
Title:Noise Trading in Small Markets
Author(s):PALOMINO, FredericDate:1994Type of Publication:Working PaperSeries/Report no.:EUI ECO
Title:Nominal Debt as a Burden on Monetary Policy
Author(s):DIAZ-GIMENEZ, Javier; GIOVANNETTI, Giorgia; MARIMON, Ramon; TELES, PedroDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We characterize the optimal sequential choice of monetary policy in economies
with either nominal or indexed debt. In a model where nominal debt is the only
source of time inconsistency, the Markov-perfect equilibrium ...
Title:Nominal Debt as a Burden on Monetary Policy
Author(s):DIAZ-GIMENEZ, Javier; GIOVANNETTI, Giorgia; MARIMON, Ramon; TELES, PedroDate:2007Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:We characterize the optimal sequential choice of monetary policy in economies with
either nominal or indexed debt. In a model where nominal debt is the only source of
time inconsistency, the Markov-perfect equilibrium ...
Title:Non-Price Competition and Exchange Rate Pass-Through
Author(s):ASCIONE, AuroraDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:A substantial body of empirical works document that exchange rate pass-through to con- sumer prices is incomplete. This evidence has cast doubts on the ability of flexible exchange rates to generate expenditure switching. ...
Title:Nonlinear Causality Testing with Stepwise Multivariate Filtering
Author(s):BEKIROS, Stelios D.Date:2011Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:This study explores the direction and nature of causal linkages among six currencies denoted relative to United States dollar (USD), namely Euro (EUR), Great Britain Pound (GBP), Japanese Yen (JPY), Swiss Frank (CHF), ...
Title:North-South Trade and Growth: The Role of Product Quality
Author(s):BOROTA, TeodoraDate:2009Type of Publication:ThesisSeries/Report no.:EUI PhD thesesAbstract:The traditional trade models, which rely on a comparative advantage based on regions’ technology or endowments, or the new trade theory, designed to explain trade between the countries at a similar level of development, ...
Title:A Note on Testing Restrictions for the Cointegration Parameters of a VAR with I(2)
Variables
Author(s):JOHANSEN, Soren; LUETKEPOHL, HelmutDate:2005Type of Publication:ArticleAbstract:We give a brief introduction to the vector autoregressive model for cointegrated I(2) variables and show how some plausible economic relations can be formulated in the I(2) framework in such a way that likelihood ratio ...