The Nominal-Real Volatility Trade-off and the Selection of the Exchange Rate Regime

This paper studies the way a rational policymaker endogenously selects the exchange rate regime. To this end, two main ideas are intensively explored: i) the exchange rate regimes are non-neutral; and it) there exists a trade-off between nominal volatility and real volatiity. Regarding the empirical...

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Autor principal: Bastourre, Diego
Formato: Objeto de conferencia
Lenguaje:Inglés
Publicado: 2004
Materias:
Ciencias Económicas
Exchange rates
Trade-off
Volatility
Acceso en línea:http://sedici.unlp.edu.ar/handle/10915/169225
Aporte de:
SEDICI (UNLP) de Universidad Nacional de La Plata
id I19-R120-10915-169225
record_format dspace
spelling I19-R120-10915-1692252024-08-29T04:07:52Z http://sedici.unlp.edu.ar/handle/10915/169225 The Nominal-Real Volatility Trade-off and the Selection of the Exchange Rate Regime Bastourre, Diego 2004-11 2004 2024-08-28T18:42:52Z en Ciencias Económicas Exchange rates Trade-off Volatility This paper studies the way a rational policymaker endogenously selects the exchange rate regime. To this end, two main ideas are intensively explored: i) the exchange rate regimes are non-neutral; and it) there exists a trade-off between nominal volatility and real volatiity. Regarding the empirical evidence, it is proposed a methodology to analyze the underlying factors of the exchange rate regime choices. The central empirical result is that the policymaker desired degree of exchange rate flexibility is influenced by both nominal and real volatity. Furthermore, these empirical results are in the same line of the theoretical findings. Facultad de Ciencias Económicas Objeto de conferencia Objeto de conferencia http://creativecommons.org/licenses/by-nc-sa/4.0/ Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) application/pdf
institution Universidad Nacional de La Plata
institution_str I-19
repository_str R-120
collection SEDICI (UNLP)
language Inglés
topic Ciencias Económicas
Exchange rates
Trade-off
Volatility
spellingShingle Ciencias Económicas
Exchange rates
Trade-off
Volatility
Bastourre, Diego
The Nominal-Real Volatility Trade-off and the Selection of the Exchange Rate Regime
topic_facet Ciencias Económicas
Exchange rates
Trade-off
Volatility
description This paper studies the way a rational policymaker endogenously selects the exchange rate regime. To this end, two main ideas are intensively explored: i) the exchange rate regimes are non-neutral; and it) there exists a trade-off between nominal volatility and real volatiity. Regarding the empirical evidence, it is proposed a methodology to analyze the underlying factors of the exchange rate regime choices. The central empirical result is that the policymaker desired degree of exchange rate flexibility is influenced by both nominal and real volatity. Furthermore, these empirical results are in the same line of the theoretical findings.
format Objeto de conferencia
Objeto de conferencia
author Bastourre, Diego
author_facet Bastourre, Diego
author_sort Bastourre, Diego
title The Nominal-Real Volatility Trade-off and the Selection of the Exchange Rate Regime
title_short The Nominal-Real Volatility Trade-off and the Selection of the Exchange Rate Regime
title_full The Nominal-Real Volatility Trade-off and the Selection of the Exchange Rate Regime
title_fullStr The Nominal-Real Volatility Trade-off and the Selection of the Exchange Rate Regime
title_full_unstemmed The Nominal-Real Volatility Trade-off and the Selection of the Exchange Rate Regime
title_sort nominal-real volatility trade-off and the selection of the exchange rate regime
publishDate 2004
url http://sedici.unlp.edu.ar/handle/10915/169225
work_keys_str_mv AT bastourrediego thenominalrealvolatilitytradeoffandtheselectionoftheexchangerateregime
AT bastourrediego nominalrealvolatilitytradeoffandtheselectionoftheexchangerateregime
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