Consumption and Real Exchange Rates With Incomplete Markets and Non-Traded Goods

By Gianluca Benigno, Christoph Thoenissen. 2008

266 citations recorded by the source corpus.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/15135b9ac71da7b18120c96133e46b1e542f21f6

Citations in the corpus

• Exchange Rate Disconnect in General Equilibrium (2017, unknown): “23 Alternatively, the Backus-Smith puzzle can be resolved if the real exchange rate appreciates with a positive productivity shock, either due to Balassa-Samuelson forces, as in Benigno and Thoenissen (2008), or due to a low elasticity of substitution between home and foreign goods (v < 1), as in th”