Search Results

A century of arbitrage and disaster risk pricing in the foreign exchange market,
Giancarlo Corsetti and Emile Marin, from C.E.P.R. Discussion Papers (2020)
Keywords: Uncovered interest parity; Peso problem; Great depression; Currency crises; Carry trade; Fama puzzle

Redrawing the Map of Global Capital Flows: The Role of Cross-Border Financing and Tax Havens,
Matteo Maggiori, Antonio Coppola, Brent Neiman and Jesse Schreger, from C.E.P.R. Discussion Papers (2020)

Heterogenous Job Separations and the Balassa-Samuelson Effect,
Noel Gaston and Taiyo Yoshimi, from Research Institute of Economy, Trade and Industry (RIETI) (2020)

Estimating Macroeconomic Models of Financial Crises: An Endogenous Regime-Switching Approach,
Alessandro Rebucci, Gianluca Benigno, Andrew Foerster and Christopher Otrok, from C.E.P.R. Discussion Papers (2020)
Keywords: Financial crises; Business cycles; Endogenous regime-switching; Bayesian estimation; Occasionally binding constraints; Mexico

The Global Transmission of U.S. Monetary Policy,
Giovanni Ricco, Riccardo Degasperi and Seokki Hong, from C.E.P.R. Discussion Papers (2020)
Keywords: Monetary policy; Trilemma; Exchange rates; Foreign spillovers

Reserve Accumulation, Macroeconomic Stabilization, and Sovereign Risk,
Javier Bianchi and Cesar Sosa-Padilla, from National Bureau of Economic Research, Inc (2020)

Harry Johnson’s “Case for Flexible Exchange Rates†– 50 Years Later,
Maurice Obstfeld, from C.E.P.R. Discussion Papers (2020)
Keywords: Exchange rate regimes; Floating exchange rates; International monetary system; Effective lower bound; Global value chains; Global financial cycle; Dominant currency pricing

Currency Portfolio of External Debt, Exchange Rate Cyclicality, and Consumption Volatility,
Eiji Fujii, from CESifo (2020)
Keywords: external debt, currency portfolio, original sin, exchange rate cyclicality, consumption volatility

Exchange Rate Pass-Through to Consumer Prices: The Increasing Role of Energy Prices,
Hyeongwoo Kim, Ying Lin and Henry Thompson, from Department of Economics, Auburn University (2020)
Keywords: Exchange Rate Pass Through; Disaggregated CPI Inflation; Structural Break; Real Exchange Rate Shock

The Elusive Gains from Nationally-Oriented Monetary Policy,
Martin Bodenstein, Giancarlo Corsetti and Luca Guerrieri, from Faculty of Economics, University of Cambridge (2020)
Keywords: monetary policy cooperation, global imbalances, open-loop Nash games