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Citations for "Fixed vs. Floating Exchange Rates: How Price Setting Affects the Optimal Choice of Exchange-Rate Regime"

by Michael B. Devereux & Charles Engel

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  1. Alexander Mihailov, 2004. "Effects of the exchange-rate regime on trade: the role of price setting," Money Macro and Finance (MMF) Research Group Conference 2003 66, Money Macro and Finance Research Group.
  2. Michael B. Devereux & Charles Engel, 2000. "Monetary Policy in the Open Economy Revisited: Price Setting and Exchange Rate Flexibility," NBER Working Papers 7665, National Bureau of Economic Research, Inc.
  3. Maurice Obstfeld and Kenneth Rogoff., 1999. "New Directions for Stochastic Open Economy Models," Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley C99-107, University of California at Berkeley.
  4. Dale Henderson & Jinill Kim, 1999. "Exact Utilities under Alternative Monetary Rules in a Simple Macro Model with Optimizing Agents," International Tax and Public Finance, Springer, Springer, vol. 6(4), pages 507-535, November.
  5. Fabio Ghironi, 2000. "U.S.-Europe Economic Interdependence and Policy Transmission," Boston College Working Papers in Economics, Boston College Department of Economics 470, Boston College Department of Economics.
  6. Philippe Bacchetta & Eric van Wincoop, 2002. "A theory of the currency denomination of international trade," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) 747, Board of Governors of the Federal Reserve System (U.S.).
  7. Fabio Ghironi, 2000. "Understanding Macroeconomic Interdependence: Do We Really Need to Shut Off the Current Account?," Boston College Working Papers in Economics, Boston College Department of Economics 465, Boston College Department of Economics, revised 14 Aug 2003.
  8. Adolfson, Malin, 2001. "Monetary Policy with Incomplete Exchange Rate Pass-Through," Working Paper Series in Economics and Finance 476, Stockholm School of Economics.
  9. Angeloni, Ignazio & Aucremanne, Luc & Ciccarelli, Matteo, 2006. "Price setting and inflation persistence: did EMU matter?," Working Paper Series, European Central Bank 0597, European Central Bank.
  10. John H. Rogers & Hayden P. Smith, 2001. "Border effects within the NAFTA countries," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) 698, Board of Governors of the Federal Reserve System (U.S.).
  11. David C. Parsley, 2001. "Accounting for Real Exchange Rate Changes in East Asia," Working Papers 062001, Hong Kong Institute for Monetary Research.
  12. J.M.C. Santos Silva & Silvana Tenreyro, 2010. "Currency unions in prospect and retrospect," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library 28738, London School of Economics and Political Science, LSE Library.
  13. Charles Engel & John H. Rogers, 1999. "Deviations from Purchasing Power Parity:Causes and Welfare Costs," Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington 0038, Department of Economics at the University of Washington.
  14. Sutherland, Alan, 2001. "Inflation Targeting in a Small Open Economy," CEPR Discussion Papers, C.E.P.R. Discussion Papers 2726, C.E.P.R. Discussion Papers.
  15. Yin-Wong Cheung & Jude Yuen, 2001. "Effects of U.S. Inflation on Hong Kong and Singapore," Working Papers 032001, Hong Kong Institute for Monetary Research.
  16. Michael Kumhof & Stijn van Nieuwerburgh, 2007. "Monetary Policy in an Equilibrium Portfolio Balance Model," IMF Working Papers 07/72, International Monetary Fund.
  17. Sutherland, Alan, 2005. "Incomplete pass-through and the welfare effects of exchange rate variability," Journal of International Economics, Elsevier, Elsevier, vol. 65(2), pages 375-399, March.
  18. Charles Engel, 2003. "Expenditure Switching and Exchange-Rate Policy," NBER Chapters, in: NBER Macroeconomics Annual 2002, Volume 17, pages 231-300 National Bureau of Economic Research, Inc.
  19. Lars Calmfors & Ã…sa Johansson, 2001. "Unemployment Benefits, Contract Length and Nominal Wage Flexibility," CESifo Working Paper Series 514, CESifo Group Munich.
  20. Martine Carré & Fabrice Collard, 1999. "Monetary Union : A Welfare Based Approach," Working Papers, Centre de Recherche en Economie et Statistique 99-62, Centre de Recherche en Economie et Statistique.
  21. Paul R. Bergin & Robert C. Feenstra, 1999. "Pricing to Market, Staggered Contracts, and Real Exchange Rate Persistence," NBER Working Papers 7026, National Bureau of Economic Research, Inc.
  22. Singh, Rajesh & Lahiri, Amartya & Vegh, Carlos A, 2007. "Segmented Asset Markets and Optimal Exchange Rate Regimes," Staff General Research Papers 11446, Iowa State University, Department of Economics.
  23. James Bullard & Eric Schaling, 2005. "Monetary Policy, Determinacy, and Learnability in the Open Economy," Working Papers 11, Economic Research Southern Africa.
  24. Charles Engel, 2001. "Optimal exchange rate policy: the influence of price setting and asset markets," Proceedings, Federal Reserve Bank of Cleveland, Federal Reserve Bank of Cleveland, pages 518-547.
  25. Weber, Axel A. & Beck, Guenter, 2003. "How wide are European borders? On the integration effects of monetary unions," CFS Working Paper Series 2001/07, Center for Financial Studies (CFS).
  26. Rajesh Singh, 2013. "Optimal Monetary Policy in an Open Economy under Asset Market Segmentation," 2013 Meeting Papers, Society for Economic Dynamics 103, Society for Economic Dynamics.
  27. Michael Kumhof, 2010. "International Currency Portfolios," 2010 Meeting Papers, Society for Economic Dynamics 84, Society for Economic Dynamics.
  28. Amalia Morales Zumaquero & Simón Sosvilla Rivero, 2006. "Macroeconomic Instability in the European Monetary System?," Economic Working Papers at Centro de Estudios Andaluces E2006/06, Centro de Estudios Andaluces.
  29. Jean-Christian Lambelet & Alexander Mihailov, 2005. "The Triple-Parity Law," Economics Discussion Papers, University of Essex, Department of Economics 604, University of Essex, Department of Economics.
  30. Fujiki, Hiroshi & Otani, Akira, 2002. "Do Currency Regimes Matter in the 21st Century? An Overview," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, Institute for Monetary and Economic Studies, Bank of Japan, vol. 20(S1), pages 47-79, December.
  31. Alpaslan AKÇORAOĞLU, 2012. "Yeni Açık Ekonomi Makroiktisat Teorisi ve Para Politikasının Uluslararası Boyutları," Ekonomik Yaklasim, Ekonomik Yaklasim Association, Ekonomik Yaklasim Association, vol. 23(85), pages 57-82.
  32. Fabio Ghironi, 2000. "Towards new open economy macroeconometrics," Staff Reports, Federal Reserve Bank of New York 100, Federal Reserve Bank of New York.
  33. Luca Dedola & Sylvain Leduc, 1999. "On exchange rate regimes, exchange rate fluctuations, and fundamentals," Working Papers 99-16, Federal Reserve Bank of Philadelphia.
  34. Jinill Kim & Dale Henderson, 2002. "Inflation Targeting and Nominal Income Growth Targeting: When and Why Are They Suboptimal?," Computing in Economics and Finance 2002, Society for Computational Economics 59, Society for Computational Economics.
  35. Joshua Aizenman, 2000. "Endogenous Pricing to Market and Financing Costs," NBER Working Papers 7914, National Bureau of Economic Research, Inc.
  36. Michael B. Devereux & Charles Engel & CÈdric Tille, 2003. "Exchange Rate Pass-Through and the Welfare Effects of the Euro," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 44(1), pages 223-242, February.
  37. Faust, Jon & Rogers, John H., 2003. "Monetary policy's role in exchange rate behavior," Journal of Monetary Economics, Elsevier, Elsevier, vol. 50(7), pages 1403-1424, October.
  38. Joshua Aizenman & Ricardo Hausmann, 2000. "Exchange Rate Regimes and Financial-Market Imperfections," NBER Working Papers 7738, National Bureau of Economic Research, Inc.
  39. Luca Dedola & Sylvain Leduc, 2001. "Why Is the Business-Cycle Behavior of Fundamentals Alike Across Exchange-Rate Regimes?," Working Papers, Oesterreichische Nationalbank (Austrian Central Bank) 53, Oesterreichische Nationalbank (Austrian Central Bank).
  40. Shioji, Etsuro, 2006. "Invoicing currency and the optimal basket peg for East Asia: Analysis using a new open economy macroeconomic model," Journal of the Japanese and International Economies, Elsevier, vol. 20(4), pages 569-589, December.
  41. Jordi Gali & Tommaso Monacelli, 2002. "Monetary Policy and Exchange Rate Volatility in a Small Open Economy," NBER Working Papers 8905, National Bureau of Economic Research, Inc.
  42. Fabián De Achával & Xavier Fairise, 2008. "Monetary Policy in Emerging Markets, Labor Market Search and Exchange Rate Pass-Through," Documents de recherche, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne 08-13, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
  43. Yin-Wong Cheung & Dickson Tam & Matthew S. Yiu, 2007. "Does the Chinese Interest Rate Follow the US Interest Rate?," CESifo Working Paper Series 1943, CESifo Group Munich.
  44. Lane, P, 1999. "The New Open Economy Macroeconomics: A Survey," Trinity Economics Papers, Trinity College Dublin, Department of Economics 993, Trinity College Dublin, Department of Economics.
  45. Beck, Günter W., 2003. "Nominal exchange rate regimes and relative price dispersion: On the importance of nominal exchange rate volatility for the width of the border," CFS Working Paper Series 2003/45, Center for Financial Studies (CFS).
  46. Cedric Tille, 1999. "The role of consumption substitutability in the international transmission of shocks," Staff Reports, Federal Reserve Bank of New York 67, Federal Reserve Bank of New York.
  47. Laura Mayoral & Maria Dolores Gadea, 2009. "Analyzing aggregate real exchange rate persistence through the lens of sectoral data," UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) 787.09, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
  48. Alex Cukierman & Itay Goldstein & Yossi Spiegel, 2004. "The Choice of Exchange-Rate Regime and Speculative Attacks," Journal of the European Economic Association, MIT Press, MIT Press, vol. 2(6), pages 1206-1241, December.
  49. David Bowman & Brian M. Doyle, 2003. "New Keynesian, open-economy models and their implications for monetary policy," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) 762, Board of Governors of the Federal Reserve System (U.S.).
  50. Devereux, Michael B & Engel, Charles M, 2000. "Monetary Policy In The Open Economy Revisited: Price Setting Rules And Exchange Rate Flexibility," CEPR Discussion Papers, C.E.P.R. Discussion Papers 2454, C.E.P.R. Discussion Papers.
  51. Alan Sutherland & Ozge Senay, 2004. "The expenditure switching effect and fixed versus floating exchange rates," Money Macro and Finance (MMF) Research Group Conference 2003 97, Money Macro and Finance Research Group.
  52. Singh, Rajesh & Lahiri, Amartya & Vegh, Carlos A, 2012. "Optimal Monetary Policy in an Open Economy under Asset Market Segmentation," Staff General Research Papers 35649, Iowa State University, Department of Economics.
  53. Etsuro Shioji, 2006. "Chinese Exchange Rate Regimes and the Optimal Basket Weights for the Rest of East Asia," Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) 06024, Research Institute of Economy, Trade and Industry (RIETI).
  54. Sutherland, Alan, 2002. "Cost-Push Shocks and Monetary Policy and Monetary Policy," Discussion Paper Series 1: Economic Studies 2002,27, Deutsche Bundesbank, Research Centre.
  55. Charles Engel, 1999. "Local-Currency Pricing and the Choice of Exchange-Rate Regime," Working Papers, University of Washington, Department of Economics 0036, University of Washington, Department of Economics.
  56. Gabriel Srour, 2006. "The Implications of Trade Barriers for Sectoral Diversification and Macroeconomic Stability in Developing Economies," IMF Working Papers 06/50, International Monetary Fund.
  57. Kevin X. D. Huang & Zheng Liu, 2004. "Multiple stages of processing and the quantity anomaly in international business cycle models," Working Papers 04-8, Federal Reserve Bank of Philadelphia.
  58. Sutherland, Alan, 2004. "International Monetary Policy Coordination and Financial Market Integration," CEPR Discussion Papers, C.E.P.R. Discussion Papers 4251, C.E.P.R. Discussion Papers.
  59. Oi, Hiroyuki & Otani, Akira & Shirota, Toyoichiro, 2004. "The Choice of Invoice Currency in International Trade: Implications for the Internationalization of the Yen," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, Institute for Monetary and Economic Studies, Bank of Japan, vol. 22(1), pages 27-63, March.
  60. David D. VanHoose, 2004. "The New Open Economy Macroeconomics: A Critical Appraisal," Open Economies Review, Springer, Springer, vol. 15(2), pages 193-215, 04.
  61. Yin-Wong Cheung, 2001. "Hong Kong Output Dynamics: An Empirical Analysis," CESifo Working Paper Series 482, CESifo Group Munich.
  62. Charles Engel, 2002. "The Responsiveness of Consumer Prices to Exchange Rates And the Implications for Exchange-Rate Policy: A Survey Of a Few Recent New Open-Economy..," NBER Working Papers 8725, National Bureau of Economic Research, Inc.
  63. Michael B. Devereux & Charles Engel, 1999. "The Optimal Choice of Exchange-Rate Regime: Price-Setting Rules and Internationalized Production," NBER Working Papers 6992, National Bureau of Economic Research, Inc.
  64. Tille, Cedric, 2005. "The welfare effect of international asset market integration under nominal rigidities," Journal of International Economics, Elsevier, Elsevier, vol. 65(1), pages 221-247, January.
  65. Bruno Versailles, 2012. "Market Intergration and Border Effects in Eastern Africa," CSAE Working Paper Series 2012-01, Centre for the Study of African Economies, University of Oxford.
  66. Berger, Wolfram, 2006. "The choice between fixed and flexible exchange rates: Which is best for a small open economy?," Journal of Policy Modeling, Elsevier, Elsevier, vol. 28(4), pages 371-385, May.
  67. Giancarol Corsetti & Paolo Pesenti & Nouriel Roubini & Cedric Tille, 1999. "Competitive devaluations: a welfare-based approach," Staff Reports, Federal Reserve Bank of New York 58, Federal Reserve Bank of New York.
  68. Kevin X.D. Huang & Zheng Liu, 2004. "Production interdependence and welfare," Research Working Paper, Federal Reserve Bank of Kansas City RWP 04-04, Federal Reserve Bank of Kansas City.
  69. Michael B. Devereux, 2000. "A Simple Dynamic General Equilibrium Analysis of the Trade-off Between Fixed and Floating Exchange Rates," Econometric Society World Congress 2000 Contributed Papers 1544, Econometric Society.
  70. Broda, Christian, 2006. "Exchange rate regimes and national price levels," Journal of International Economics, Elsevier, Elsevier, vol. 70(1), pages 52-81, September.
  71. Zenon Kontolemis & Kevin Ross, 2005. "Exchange Rate Fluctuations in the New Member States of the European Union," Macroeconomics, EconWPA 0504015, EconWPA.
  72. Bin Yao, 2008. "Research on the choice of RMB exchange rate regime," Psychometrika, Springer, Springer, vol. 3(3), pages 356-379, September.
  73. Luca Antonio Ricci & Ronald MacDonald, 2002. "Purchasing Power Parity and New Trade Theory," IMF Working Papers 02/32, International Monetary Fund.
  74. Tille, Cedric, 2001. "The role of consumption substitutability in the international transmission of monetary shocks," Journal of International Economics, Elsevier, Elsevier, vol. 53(2), pages 421-444, April.
  75. Darius, Reginald, 2010. "The macroeconomic effects of monetary and fiscal policy in a small open economy: Does the exchange rate regime matter?," Journal of International Money and Finance, Elsevier, Elsevier, vol. 29(8), pages 1508-1528, December.
  76. Alexander Mihailov, 2004. "When and How Much Does a Peg Increase Trade? The Role of Trade Costs and Import Demand Elasticity under Monetary Uncertainty," Levine's Bibliography 122247000000000203, UCLA Department of Economics.
  77. B. Gabriela Mundaca & Jon Strand, 2005. "A risk allocation approach to optimal exchange rate policy," Oxford Economic Papers, Oxford University Press, vol. 57(3), pages 398-421, July.
  78. Margarida Duarte, 2001. "International pricing in new open-economy models," Economic Quarterly, Federal Reserve Bank of Richmond, Federal Reserve Bank of Richmond, issue Fall, pages 53-70.
  79. Gabriel Srour, 2004. "Economic Integration, Sectoral Diversification, and Exchange Rate Policy in a Developing Economy," IMF Working Papers 04/60, International Monetary Fund.
  80. Alessio Emanuele BIONDO, 2010. "The Law of One Price: Survey of a Failure," Theoretical and Practical Research in Economic Fields, ASERS Publishing, ASERS Publishing, vol. 0(2), pages 168 - 182, December.
  81. Sopraseuth, T., 2000. "Exchange Rate Regimes and International Business Cycle," Papiers d'Economie Mathématique et Applications, Université Panthéon-Sorbonne (Paris 1) 2000.17, Université Panthéon-Sorbonne (Paris 1).
  82. Singh, Rajesh, 2004. "Trade and Welfare Under Alternative Exchange Rate Regimes," Staff General Research Papers 11463, Iowa State University, Department of Economics.
  83. Devereux, Michael B, 2000. "A Simple Dynamic General Equilibrium Model Of The Tradeoff Between Fixed And Floating Exchange Rates," CEPR Discussion Papers, C.E.P.R. Discussion Papers 2403, C.E.P.R. Discussion Papers.
  84. Takatoshi Ito & Yuri N. Sasaki & Kiyotaka Sato, 2005. "Pass-Through of Exchange Rate Changes and Macroeconomic Shocks to Domestic Inflation in East Asian Countries," Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) 05020, Research Institute of Economy, Trade and Industry (RIETI).
  85. Rajesh Singh & Carlos Vegh & Amartya Lahiri, 2007. "Optimal Monetary Policy under Asset Market Segmentation," 2007 Meeting Papers, Society for Economic Dynamics 943, Society for Economic Dynamics.
  86. Bacchetta, Philippe & van Wincoop, Eric, 2002. "A Theory of Currency Denomination of International Trade," CEPR Discussion Papers, C.E.P.R. Discussion Papers 3120, C.E.P.R. Discussion Papers.
  87. Mahbub Morshed, A. K. M., 2003. "What can we learn from a large border effect in developing countries?," Journal of Development Economics, Elsevier, Elsevier, vol. 72(1), pages 353-369, October.
  88. Georges Prat & Remzi Uctum, 2012. "Modeling the horizon-dependent risk premium in the forex market: evidence from survey data," EconomiX Working Papers 2012-29, University of Paris West - Nanterre la Défense, EconomiX.
  89. Bruno Versailles, 2012. "Market Integration and Border Effects in Eastern Africa," Economics Series Working Papers WPS/2012-01, University of Oxford, Department of Economics.
  90. Lee, Minsoo, 2005. "Asian Financial Crisis and Exchange Rate Pass-Through in Korea," Review of Applied Economics, Review of Applied Economics, Review of Applied Economics, vol. 1(1).
  91. Kevin X.D. Huang & Zheng Liu, 2005. "Vertical production and trade interdependence and welfare," Working Papers 05-15, Federal Reserve Bank of Philadelphia.
  92. Kumhof, Michael, 2010. "On the theory of sterilized foreign exchange intervention," Journal of Economic Dynamics and Control, Elsevier, Elsevier, vol. 34(8), pages 1403-1420, August.
  93. Tommaso Monacelli, 2003. "Commitment, Discretion and Fixed Exchange Rates in an Open Economy," Working Papers 233, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
  94. Vladimir Klyuev, 2001. "A Model of Exchange Rate Regime Choice in the Transitional Economies of Central and Eastern Europe," IMF Working Papers 01/140, International Monetary Fund.
  95. Charles Engel, 1999. "On the Foreign Exchange Risk Premium in Sticky-Price General Equilibrium Models," International Tax and Public Finance, Springer, Springer, vol. 6(4), pages 491-505, November.
  96. Jordi Gali & Tommaso Monacelli, 1999. "Optimal Monetary Policy and Exchange Rate Volatility in a Small Open Economy," Boston College Working Papers in Economics, Boston College Department of Economics 438, Boston College Department of Economics, revised 15 Nov 1999.
  97. Duarte, Margarida, 2003. "Why don't macroeconomic quantities respond to exchange rate variability?," Journal of Monetary Economics, Elsevier, Elsevier, vol. 50(4), pages 889-913, May.