Limited participation and exchange rate dynamics: Does theory meet the data?

The paper explores the empirical dimensions of a New Open Economy Macronomy model characterized by credit market frictions. We find that these frictions are essential for the model to match a large set of moments of German data. Moreover, the simulated impulse response functions to supply and nomina...

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Bibliographic details
Volume: 32
Main Author: Karamé, Frédéric
Patureau, Lise
Sopraseuth, Thepthida
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: AMSTERDAM Elsevier B.V 2008
ELSEVIER
Elsevier
published in: Journal of economic dynamics & control Vol. 32; no. 4; pp. 1041 - 1087
ORCID: 0000-0002-7458-0365
Data of publication: 2008
ISSN: 0165-1889
1879-1743
EISSN: 1879-1743
Discipline: Economics
Series: Journal of Economic Dynamics and Control
Subjects:
F41
F32
Online Access: available in Bonn?
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2008
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