Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/7298Registo completo
| Campo DC | Valor | Idioma |
|---|---|---|
| dc.contributor.author | Alexandre, Fernando | - |
| dc.contributor.author | Bação, Pedro | - |
| dc.contributor.author | Driffill, John | - |
| dc.date.accessioned | 2008-01-02T15:48:09Z | - |
| dc.date.available | 2008-01-02T15:48:09Z | - |
| dc.date.issued | 2007 | - |
| dc.identifier.citation | NIPE Working Paper series; 26 | eng |
| dc.identifier.uri | https://hdl.handle.net/1822/7298 | - |
| dc.description | This version: 3/11/2007. The authors are grateful to Luis Aguiar-Conraria, Miguel Portela and other participants at the 13th International Conference of the Society of Computational Economics, Montreal, and at a NIPE Seminar, University of Minho, Braga, Portugal. F. Alexandre and P. Ba»c~ao are grateful for the hospitality enjoyed at Birkbeck College. | eng |
| dc.description.abstract | We evaluate the macroeconomic performance of different monetary policy rules when there is exchange rate uncertainty. 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 taking into account the switching nature of the economy is important only in extreme cases. | eng |
| dc.description.sponsorship | Fundação para a Ciência e a Tecnologia (FCT) Research grant POCI/EGE/56054/2004 (partially funded by FEDER). | eng |
| dc.language.iso | eng | eng |
| dc.publisher | Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE) | eng |
| dc.relation | info:eu-repo/grantAgreement/FCT/POCI/56054/PT | - |
| dc.rights | openAccess | eng |
| dc.subject | Exchange rates | eng |
| dc.subject | Monetary policy | eng |
| dc.subject | Markov switching | eng |
| dc.title | Optimal monetary policy with a regime-switching exchange rate in a forward-looking model | eng |
| dc.type | workingPaper | eng |
| dc.comments | NIPE – Núcleo de Investigação em Políticas Económicas – is supported by the Portuguese Foundation for Science and Technology through the Programa Operacional Ciência e Inovação 2010 (POCI 2010) of the III Quadro Comunitário de Apoio (QCA III), which is financed by FEDER and Portuguese funds. | eng |
| Aparece nas coleções: | NIPE - Documentos de Trabalho | |
Ficheiros deste registo:
| Ficheiro | Descrição | Tamanho | Formato | |
|---|---|---|---|---|
| NIPE_WP_26_2007.pdf | Documento principal | 512,35 kB | Adobe PDF | Ver/Abrir |
