How Important is the Currency Denomination of Exports in Open Economy Models?

Margarida Duarte and Michael Dotsey
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Michael Dotsey: Federal Reserve Bank Philadelphia

No 380, 2011 Meeting Papers from Society for Economic Dynamics

Abstract: We show in a quantitative open-economy model that standard alternative assumptions about the currency in which firms price export goods are virtually inconsequential for the properties of aggregate variables, other than the terms of trade. This result is in contrast to a large literature that emphasizes the importance of the currency denomination of exports for the properties of open-economy models.

Date: 2011
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Related works:
Journal Article: How Important is the Currency Denomination of Exports in Open Economy Models? (2017)
Working Paper: How important is the currency denomination of exports in open-economy models? (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed011:380

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