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Exchange Risk and the Supply-Side Effects of Real Interest Rate Changes

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  • Paschakis, John
  • Smithin, John

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  • Paschakis, John & Smithin, John, 1998. "Exchange Risk and the Supply-Side Effects of Real Interest Rate Changes," Journal of Macroeconomics, Elsevier, vol. 20(4), pages 703-720, October.
    • Handle: RePEc:eee:jmacro:v:20:y:1998:i:4:p:703-720
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    References listed on IDEAS

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    1. William H. Branson, 1988. "Sources of Misalignment in the 1980s," NBER Chapters, in: Misalignment of Exchange Rates: Effects on Trade and Industry, pages 9-38, National Bureau of Economic Research, Inc.
    2. Alogoskoufis, George S., 1985. "Macroeconomic policy and aggregate fluctuations in a semi-industrialized open economy : Greece 1951-1980," European Economic Review, Elsevier, vol. 29(1), pages 35-61.
    3. Shaller, Douglas R, 1983. "Working Capital Finance Considerations in a National Income Theory," American Economic Review, American Economic Association, vol. 73(1), pages 156-165, March.
    4. Richard C. Marston, 1988. "Misalignment of Exchange Rates: Effects on Trade and Industry," NBER Books, National Bureau of Economic Research, Inc, number mars88-1, March.
    5. Duguay, Pierre, 1994. "Empirical evidence on the strength of the monetary transmission mechanism in Canada: An aggregate approach," Journal of Monetary Economics, Elsevier, vol. 33(1), pages 39-61, February.
    6. Driskill, Robert, 1980. "Exchange Rate Dynamics, Portfolio Balance, and Relative Prices," American Economic Review, American Economic Association, vol. 70(4), pages 776-783, September.
    7. Myatt, Anthony, 1985. "The adverse supply-side effects of high interest rates and procyclical real wage movements," Journal of Macroeconomics, Elsevier, vol. 7(2), pages 237-246.
    8. McCallum, Bennett T., 1986. "Some issues concerning interest rate pegging, price level determinacy, and the real bills doctrine," Journal of Monetary Economics, Elsevier, vol. 17(1), pages 135-160, January.
    9. Frederic S. Mishkin, 1995. "Symposium on the Monetary Transmission Mechanism," Journal of Economic Perspectives, American Economic Association, vol. 9(4), pages 3-10, Fall.
    10. Willem H. Buiter & Marcus Miller, 1983. "Real Exchange Rate Overshooting and the Output Cost of Bringing Down Inflation: Some Further Results," NBER Chapters, in: Exchange Rates and International Macroeconomics, pages 317-368, National Bureau of Economic Research, Inc.
    11. Robert J. Shiller, 1980. "Can the Fed Control Real Interest Rates?," NBER Chapters, in: Rational Expectations and Economic Policy, pages 117-167, National Bureau of Economic Research, Inc.
    12. Hercowitz, Zvi, 1986. "The real interest rate and aggregate supply," Journal of Monetary Economics, Elsevier, vol. 18(2), pages 121-145, September.
    13. Donald D. Hester, 1981. "Innovations and Monetary Control," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 12(1), pages 141-200.
    14. Hooper, Peter & Morton, John, 1982. "Fluctuations in the dollar: A model of nominal and real exchange rate determination," Journal of International Money and Finance, Elsevier, vol. 1(1), pages 39-56, January.
    15. Jenkins, Paul & Walsh, Carl E., 1987. "Real interest rates, credit markets and economic stabilization," Journal of Macroeconomics, Elsevier, vol. 9(1), pages 95-108.
    16. MacKinnon, Keith & Smithin, John, 1993. "An interest rate peg, inflation and output," Journal of Macroeconomics, Elsevier, vol. 15(4), pages 769-785.
    17. Frankel, Jeffrey A, 1992. "Measuring International Capital Mobility: A Review," American Economic Review, American Economic Association, vol. 82(2), pages 197-202, May.
    18. Paraskevopoulos, Christos C. & Paschakis, John & Smithin, John, 1996. "Is monetary sovereignty an option for the small open economy?," The North American Journal of Economics and Finance, Elsevier, vol. 7(1), pages 5-18.
    19. Benjamin M. Friedman & Kenneth N. Kuttner, 1989. "Money, Income and Prices After the 1980s," NBER Working Papers 2852, National Bureau of Economic Research, Inc.
    20. Smithin, John N., 1986. "The length of the production period and effective stabilization policy," Journal of Macroeconomics, Elsevier, vol. 8(1), pages 55-62.
    21. Olivier Jean Blanchard & Stanley Fischer, 1989. "Lectures on Macroeconomics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262022834, December.
    22. Stanley Fischer, 1980. "Rational Expectations and Economic Policy," NBER Books, National Bureau of Economic Research, Inc, number fisc80-1, March.
    23. Taylor, John B., 1993. "Discretion versus policy rules in practice," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 39(1), pages 195-214, December.
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    1. Zongjun Wang & Gongkhonkwa Rujira, 2013. "The Dynamic Relationship of Stock Indexes on Interbank Money Market Rates: Evidence from Thailand," International Journal of Economics and Financial Issues, Econjournals, vol. 3(4), pages 827-843.

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