Bubbles in exchange rates and monetary policy

doi:10.1111/j.1467-9485.2010.00539.x

Utilize este identificador para referenciar este registo: https://hdl.handle.net/1822/13899

Registo completo

Campo DC	Valor	Idioma
dc.contributor.author	Alexandre, Fernando	-
dc.contributor.author	Bação, Pedro	-
dc.contributor.author	Driffill, John	-
dc.date.accessioned	2011-10-18T10:03:08Z	-
dc.date.available	2011-10-18T10:03:08Z	-
dc.date.issued	2011-02	-
dc.identifier.issn	1467-9485	por
dc.identifier.uri	https://hdl.handle.net/1822/13899	-
dc.description.abstract	We evaluate the macroeconomic performance of different monetary policy rules when there are bubbles in the exchange rate. We do this in the context of a non-linear rational expectations model. The exchange rate is allowed to deviate from its fundamental value and the persistence of the deviation is modeled as a Markov switching process. Our results suggest that reacting to exchange rate movements does not significantly improve welfare. However, taking into account the switching nature of the economy may be more beneficial.	por
dc.description.sponsorship	COMPETE; QREN; UE-Fundo Europeu de Desenvolvimento Regional;	por
dc.description.sponsorship	Fundação para a Ciência e a Tecnologia (FCT)	por
dc.language.iso	eng	por
dc.publisher	Wiley	por
dc.rights	restrictedAccess	por
dc.title	Bubbles in exchange rates and monetary policy	por
dc.type	article	por
dc.peerreviewed	yes	por
dc.relation.publisherversion	www.wiley.com	por
sdum.publicationstatus	published	por
oaire.citationStartPage	29	por
oaire.citationEndPage	50	por
oaire.citationIssue	1	por
oaire.citationTitle	Scottish Journal of Political Economy	por
oaire.citationVolume	58	por
dc.identifier.doi	10.1111/j.1467-9485.2010.00539.x	por
dc.subject.wos	Social Sciences	por
sdum.journal	Scottish Journal of Political Economy	por
Aparece nas coleções:	NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica