Exchange Rate Dynamics Redux

Maurice Obstfeld and Kenneth Rogoff

Scholarly Articles from Harvard University Department of Economics

Abstract: We develop an analytically tractable two-country model that marries a full account of global macroeconomic dynamics to a supply framework based on monopolistic competition and sticky nominal prices. The model offers simple and intuitive predictions about exchange rates and current accounts that sometimes differ sharply from those of either modern flexible-price intertemporal models or traditional sticky-price Keynesian models. Our analysis leads to a novel perspective on the international welfare spillovers due to monetary and fiscal policies.

Date: 1995
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1527)

Published in Journal of Political Economy -Chicago-

Downloads: (external link)
http://dash.harvard.edu/bitstream/handle/1/12491026/Rogoff_ExchangeRate.pdf (application/pdf)

Related works:
Journal Article: Exchange Rate Dynamics Redux (1995)
Working Paper: Exchange Rate Dynamics Redux (1995)
Working Paper: Exchange Rate Dynamics Redux (1995)
Working Paper: Exchange Rate Dynamics Redux (1995)
Working Paper: Exchange Rate Dynamics Redux (1994)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hrv:faseco:12491026

Access Statistics for this paper

More papers in Scholarly Articles from Harvard University Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Office for Scholarly Communication ().