Reference: | Bergin, P. R. and I. Tchakarov (2003), “Does Exchange Rate Risk Matter for Welfare?” NBER Working paper. Bergin, P. R., H. C. Shin and I. Tchakarov (2007), “Does Exchange Rate Variability Matter for Welfare? A Quantitative Investigation of Stabilization Policies,” European Economic Review, 51, 1041-58. Betts, C. and M. B. Devereux (1996), “The Exchange Rate in a Model of Pricing-to-market,” European Economic Review, 40, 1007–1021. Blanchard, O. and C. Kahn (1980), “The Solution of Linear Difference Models under Rational Expectations,” Econometrica, 48, 1305-1311. Chari, V. V., Kehoe, P. J. and McGrattan, E. (2002), “Can Sticky-price Models Generate Volatility and Persistent Real Exchange Rate?” Reviews of Economics Studies, 69, 533-563. Devereux, M. and C. Engel (2003), “Monetary Policy in the Open Economy, Revisited: Price Setting and Exchange Rate Flexibility,” Review of Economic Studies, 70, 765–783. Juillard, M. (1996), “DYNARE: A Program for the Resolution and Simulation of Dynamic Models with Forward Variables Through the Use of a Relaxation Algorithm,” CEPREMAP. Kollmann, R. (2002), “Monetary Policy Rules in the Open Economy: Effects on Welfare and Business Cycles,” Journal of Monetary Economics, 49, 989–1015. Krugman, P. R. (1986), “Pricing to Market When the Exchange Rate Changes,” NBER Working paper. Lane, P. R. (2001), “The New Open Macroeconomics: a Survey,” Journal of International Economics, 54, 235-266. McCallum, B. T. (1994), “A Reconsideration of the Uncovered Interest Parity Relationship,” Journal of Monetary Economics, 33, 105-32. Obstfeld, M. and K. Rogoff (2000), “New Directions for Stochastic Open Economy Models,” Journal of International Economics, 50, 117-53. Obstfeld, M. and K. Rogoff (1995), “Exchange Rate Dynamics Redux,” Journal of Political Economy, 103, 624-60. Obstfeld, M. and K. Rogoff (1996), Foundations of International Macroeconomics, the MIT Press. Romer, D. (2001), Advanced Macroeconomics, McGraw-Hill. Sims, C. (2000), “Second Order Accurate Solution of Discrete Time Dynamic Equilibrium Models,” Working paper, Princeton University. Sutherland, A., (1996), “Financial Market Integration and Macroeconomic Volatility,” Scandinavian Journal of Economics, 98, 521-539. Tille, C., (1997), “The International Welfare Effect of Monetary Policy under Pricing to Market,” mimeo, Princeton University. |