search query: @indexterm EXCHANGE RATES / total: 1242
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Author: | Warnock, F.E. |
Title: | Exchange rate dynamics and the welfare effects of monetary policy in a two-country model with home-product bias |
Journal: | Journal of International Money and Finance
2003 : JUN, VOL. 22:3, p. 343-363 |
Index terms: | Country comparisons Dynamic models Exchange rates Optimization Purchasing power parity |
Language: | eng |
Abstract: | This paper examines international spillovers and exchange rate dynamics in a two-country dynamic optimizing model that nests Obstfeld and Rogoff, (1995) and allows for home-product bias in consumption patterns. Allowing for home bias changes the results in three ways. |
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