Exchange Rates and Monetary Policy with Heterogeneous Agents ...

Exchange Rates and Monetary Policy with Heterogeneous Agents

With plausibly lower short-term elasticities, however, the real income channel dominates, and the depreciation can be contractionary for output.

Exchange Rates and Monetary Policy with Heterogeneous Agents

How do open economies respond to exchange rate shocks, such as those caused by cap- ital flows? What is the role of exchange rates in monetary transmission? The ...

Exchange Rates and Monetary Policy with Heterogeneous Agents

Abstract. Introducing heterogeneous households into a New Keynesian small open economy model amplifies the real income channel of exchange rates: the rise in ...

Exchange Rates and Monetary Policy with Heterogeneous Agents

Exchange Rates and Monetary Policy with Heterogeneous Agents: Sizing up the Real Income. Channel. Adrien Auclert, Matthew Rognlie, Martin Souchier, and Ludwig ...

Exchange Rates and Monetary Policy with Heterogeneous Agents

Exchange Rates and Monetary Policy with Heterogeneous Agents: Sizing up the Real Income Channel. Adrien Auclert, Matt Rognlie, Martin Souchier, and Ludwig ...

DP16198 Exchange Rates and Monetary Policy with ... - CEPR

Introducing heterogeneous households to a New Keynesian small open economy model amplifies the real income channel of exchange rates: the ...

Exchange Rates and Monetary Policy with Heterogeneous Agents

Exchange Rates and Monetary Policy with. Heterogeneous Agents: Sizing up the Real ... Real exchange rate, Q. 0. 2. 4. 6. 8 10. 0.12. 0.10. 0.08.

Exchange Rates and Monetary Policy with Heterogeneous Agents

Introducing heterogeneous households to a New Keynesian small open economy model amplifies the real income channel of exchange rates: the ...

Exchange Rates and Monetary Policy with Heterogeneous Agents

Citations. Auclert, Adrien, Matthew Rognlie, Martin Souchier and Ludwig Straub. Exchange Rates and Monetary Policy with Heterogeneous Agents: Sizing up the Real ...

Michael Beauregard Seminar in Macroeconomics: Exchange Rates ...

Michael Beauregard Seminar in Macroeconomics: Exchange Rates and Monetary Policy with Heterogeneous Agents (joint with Adrien Auclert, Matt Rognlie, and Martin ...

07.07.2021: Ludwig Straub - Exchange rates and monetary policy ...

Abstract: Introducing heterogeneous households to a New-Keynesian small open economy model amplifies the real income channel of exchange rates: ...

Sizing Up the Real Income Channel by Adrien Auclert, Matthew ...

Exchange Rates and Monetary Policy with Heterogeneous Agents: Sizing Up the Real Income Channel · Adrien Auclert · Matthew Rognlie · Martin ...

Exchange rate policy and heterogeneity in small open economies

I find that exchange rate flexibility distributes consumption gains to the poorer agents. The monetary tightening required to stabilize the currency ...

Fiscal and Monetary Policy with Heterogeneous Agents

2020), and exchange rates. (Auclert, Rognlie, Souchier and Straub 2021b). Third, we discuss how endogenous portfolio choice can affect the transmission of ...

Heterogeneous Agent Archives - VIMM: Virtual Israel Macro Meeting

Introducing heterogeneous households to a New-Keynesian small open economy model amplifies the real income channel of exchange rates: the rise ...

Optimal Monetary Policy with Heterogeneous Agents

where t is the domestic inflation rate (equivalently, the rate of nominal exchange rate depreciation). 2.1 Households. 2.1.1 Income and net assets. Household ...

Exchange Rates and Monetary Policy with Heterogeneous Agents

Exchange Rates and Monetary Policy with Heterogeneous Agents: Sizing up the Real Income Channel. Wednesday, September 21, 2022 - 4:00pm ...

Consumption heterogeneity and monetary policy in an open economy

In the case of local currency pricing, consumer heterogeneity leads an optimal monetary policy to generate currency misalignment and deviations from the law of ...

DP19501 Fiscal and Monetary Policy with Heterogeneous Agents

In the past decade, a new paradigm for fiscal and monetary policy analysis has emerged, combining the canonical macro model of income and ...

Monetary Policy and Redistribution in Open Economies

Under a fixed exchange rate regime, monetary authorities respond more aggressively by cutting domestic interest rates to avoid currency appreciation, which has ...