1.
The purpose of this paper is to examine the role of multilateral adjustment to U.S. external imbalances in driving bilateral real exchange rate movements by developing a [...]
2014 | Journal Article | Peer-Reviewed Publications - Publications à comité de lecture |
2.
In this paper, we empirically investigate whether multilateral adjustment to large U.S. external imbalances can help explain movements in the bilateral exchange rates of [...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
3.
In a recent paper, Chang, Gomes, and Schorfheide (2002) extend the standard real business cycle (RBC) model to allow for a learning-by-doing (LBD) mechanism whereby curre[...]
2005 | Text | Staff Working Paper - Document de travail du personnel |
4.
The intertemporal current account approach predicts that the current account of a small open economy is independent of global shocks, and that responses of the current ac[...]
2003 | Text | Staff Working Paper - Document de travail du personnel |