Business Cycles and Exchange Rate Regimes
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Evaluation of the exhange rate regime in the process of business cycles and in conjunction with an intertemporal dynamic model of a monetary open economy. Analysis of microeconomic foundations of real economic activities (real production, real consumption and real investment) with the role that central banks play under alternative exchange rate regimes in terms of intervention activities in the foreign echange market.
Monetary and exchange rate policy within an open economy framework: the literature
Business cycles, stylised facts and the exchange rate regimes: evidence from eight OECD economies
Assumptions and description of the model
Empirical estimations of the (deep) parameters of the model
Empirical results
Concluding remarks and suggestions for further research
