Central banks use of monetary policy to counter the effects of devaluation on prices of prime commodities. Data on domestic prices from the American Chamber of Commerce Researchers Assn were analyzed to study market response to fluctuations in inflation and exchange rates. Results indicate that the ...
Monetary Policy, Exchange rate flexibility and exchange rate pass-through, Bank of Canada, forthcoming in: Revisiting the case for flexible exchange rates, Bank of Canada (ed 来自 core.ac.uk 喜欢 0 阅读量: 63 作者: MB Devereux 摘要: This paper develops a dynamic general-equilibrium (DGE)...
This paper extends the policy-mix and assignment literature to the flexible exchange rate regime. A model is developed to examine policy-mix questions under floating rates and to gain insights into contemporary policy controversies. After discussing the motivations for current account targets, the paper...
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One reason is that exchange rate volatility has increased. To reduce volatility, many European countries have agreed to keep exchange rates within a band around a target exchange rate, implementing this policy by intervening in foreign exchange markets when necessary. Even without an explicit exchange...
but the changes of money supply and interest rates have less linear influence on real estate prices.Although the money supply,exchange rates and interest rates have significant volatility spillover effects on the real estate prices,considering their relationship with the real estate prices' growth ...
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THE INFLUENCE OF RUPIAH TO USD EXCHANGE RATE, BANK INDONESIA CERTIFICATES (SBI) RATES, AND INFLATION OF CUSTOMER PRICE INDEX ON THE STOCK PRICE OF PROPERTY... THE INFLUENCE OF RUPIAH TO USD EXCHANGE RATE, BANK INDONESIA CERTIFICATES (SBI) RATES, AND INFLATION OF CUSTOMER PRICE INDEX ON THE ...
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In this paper, we investigate the effects of official interventions on the (short run) evolution and volatility of exchange rates. To this aim, we rely on a new measure of volatility implied by the FIGARCH model that outperforms the traditionally used GARCH one. It is found that central ban...