EXCHANGE RATE DYNAMICS, ASSET MARKET STRUCTURE, AND THE ROLE OF THE TRADE ELASTICITY

DOI10.1017/S1365100509991039zbMath1210.91082OpenAlexW3022458107MaRDI QIDQ3168868

Christoph Thoenissen

Publication date: 27 April 2011

Published in: Macroeconomic Dynamics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1017/s1365100509991039

zbMATH Keywords

trade elasticityincomplete financial marketsBackus-Smith puzzlereal exchange rate dynamicsexchange rate persistance

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Economic dynamics (91B55) Actuarial science and mathematical finance (91G99)

Related Items (5)

Addressing international empirical puzzles: the liquidity of bonds ⋮ Capital controls and financial frictions in a small open economy ⋮ Trade elasticity of substitution and equilibrium dynamics ⋮ On demand shocks and international business cycle puzzles ⋮ Money growth targeting and indeterminacy in small open economies

Cites Work

• International Risk Sharing and the Transmission of Productivity Shocks
• Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?

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