Monetary Policy's Role in Exchange Rate Behavior

Macroeconomics and Reality

1980 • 12,249 citations

Expectations and Exchange Rate Dynamics

1976 • 4,751 citations

Forward and spot exchange rates

1984 • 2,213 citations

Exchange Rate Dynamics Redux

1995 • 2,107 citations

Interpreting the macroeconomic time series facts

1992 • 1,879 citations

Some Empirical Evidence on the Effects of Shocks to Monetary Policy on Exchange Rates

1995 • 1,139 citations

What Does Monetary Policy Do?

1996 • 1,136 citations

Error Bands for Impulse Responses

1999 • 965 citations

Nominal exchange rate regimes and the behavior of real exchange rates: Evidence and implications

1986 • 884 citations

Identifying monetary policy in a small open economy under flexible exchange rates

1997 • 812 citations

Do Measures of Monetary Policy in a Var Make Sense?

1998 • 654 citations

The Empirical Evidence on the Efficiency of Forward and Futures Foreign Exchange Markets

2014 • 628 citations

When Do Long-Run Identifying Restrictions Give Reliable Results?

1997 • 521 citations

The identification of monetary policy disturbances explaining the liquidity puzzle

1995 • 480 citations

The robustness of identified VAR conclusions about money

1998 • 439 citations

Sources of real exchange-rate fluctuations: How important are nominal shocks?

1994 • 416 citations

A Model of Exchange Rate Dynamics

1982 • 327 citations

In search of the liquidity effect

1992 • 244 citations

Identification Problems in Economic Model Construction

1949 • 236 citations

Rethinking an old empirical puzzle: econometric evidence on the forward discount anomaly

2001 • 209 citations

Monetary shocks and real exchange rates

1999 • 182 citations

Comment on Glenn Rudebusch's "Do Measures of Monetary Policy in a Var Make Sense?"

1998 • 179 citations

The liquidity effect and long-run neutrality

1998 • 179 citations

Liquidity models in open economies: Theory and empirical evidence

1996 • 146 citations

Resolving the Liquidity Effect

1995 • 103 citations

Profits, risk, and uncertainty in foreign exchange markets

1993 • 57 citations

Money and the real exchange rate with sticky prices and increasing returns

1995 • 50 citations

Covered Interest Parity, Uncovered Interest Parity and Exchange Rate Dynamics

1983 • 25 citations

Explaining International Comovements of Output and Asset Returns: The Role of Money and Nominal Rigidities

2001 • 19 citations