201
Views
2
CrossRef citations to date
0
Altmetric
Original Articles

The role of monetary shocks and real shocks on the current account, the terms of trade and the real exchange rate dynamics: a SVAR analysis

Pages 2047-2063 | Published online: 08 Feb 2010

References

  • Bergin , P . 2003 . Putting the new open economy macroeconomic to a test . Journal of International Economics , 60 : 3 – 34 .
  • Bernanke , BS . 1986 . Alternative explorations of the money-income correlation . Carneigie-Rochester Conference Series on Public Policy , 25 : 49 – 99 .
  • Betts , C and Devereux , MB . 1996 . The exchange rate in a model of pricing-to-market . European Economic Review , 40 : 1007 – 21 .
  • Betts , C and Devereux , MB . 2000 . Exchange rate dynamics in a model of pricing-to-market . Journal of International Economics , 50 : 215 – 44 .
  • Blanchard , OJ and Quah , D . 1989 . The dynamic effects of aggregate demand and supply disturbances . American Economic Review , 79 : 655 – 73 .
  • Chari , VV , Kehoe , PJ and McGrattan , ER . 1997 . Monetary shocks and real exchange rates in sticky price models of international business cycles NBER Working Paper 5876
  • Eichenbaum , M and Evans , CL . 1995 . Some empirical evidence on the effects of shocks to monetary policy on exchange rates . Quarterly Journal of Economics , 110 : 975 – 1009 .
  • Hau , H . 2000 . Exchange rate determination: the role of factor price rigidities and nontraded goods . Journal of International Economics , 50 : 421 – 47 .
  • Kollman , R . 2001 . The exchange rate in a dynamic-optimizing business cycle model with nominal rigidities: a quantitative investigation . Journal of International Economics , 55 : 243 – 62 .
  • Iscan , T . 2000 . The terms of trade, productivity shocks, and the current account . Journal of Monetary Economics , 45 : 189 – 211 .
  • Lane , PR . 1999 . “ Monetary shocks and the current account ” . In Money, Factor Mobility and Trade: Essays in Honor of Robert Mundell , Edited by: Calvo , G , Dornbusch , R and Obstfeld , M . 385 – 411 . Cambridge : MIT Press .
  • Mankiw , NG and Summers , L . 1986 . Money demand and the effects of fiscal policies . Journal of Money, Credit, and Banking , 18 : 415 – 29 .
  • Mundell , R . 1963 . Capital mobility and stabilization policy under fixed and flexible exchange rates . Canadian Journal of Economics and Political Science , XXIX : 475 – 485 .
  • Obstfeld , M and Rogoff , K . 1995 . Exchange rate dynamics redux . Journal of Political Economy , 103 : 625 – 60 .
  • Obstfeld , M and Rogoff , K . 2000 . New directions for stochastic open economy models . Journal of International Economics , 50 : 117 – 53 .
  • Sims , CA . 1986 . Are forecasting models usable for policy analysis? . Federal Reserve Bank of Minneapolis Quarterly Review, Winter , 10 : 2 – 16 .
  • Zhang , Y . 2006 . The household preference structure and pricing-to-market in the new open economy macroeconomics models . International Review of Economics and Finance , 15 : 505 – 24 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.