Exchange Rates and Monetary Policy in Emerging Market Economies

By Michael B. Devereux, Philip R. Lane, Juanyi Xu. 2004

476 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/9f2e01819abf6ff2aa190193db83e6f64dd1e992

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Citations in the corpus

Monetary Policy Rules for Financially Vulnerable Economies (2003, unknown): “Devereux and Lane (2000), following Bernanke et. al.”
Exchange Rate Pass-Through in the Global Economy: The Role of Emerging Market Economies (2014, unknown): “In addition, the degree of pass-through is also a key parameter for monetary policy in these countries, as noted for instance in Devereux, Lane, and Xu (2006).”
The Endogeneity of the Exchange Rate as a Determinant of FDI: A Model of Money, Entry, and Multinati (2004, background): “The parameters used are as follows: ρ µ κ χ β ψ ψ∗ f, fMNE 2 5 2 1 0.96 0.25 0.25 0.1 The value for ρ, the coefficient of relative risk aversion, is taken from Devereux and Lane (2003) and is consistent with estimates reported in Deaton (1992).”
Exchange Rate Pass-Through in Emerging Markets (2007, unknown): “There is a large literature that discusses ERPT on the basis of various structural models, coming to different theoretical conclusions concerning the determination of the exchange rate depending on the underlying assumptions of the model (see for example Marston, 1990, and Devereux et al., 2006).”
External Constraints on Monetary Policy and the Financial Accelerator (2007, unknown): “Some prominent examples include: Aghion, Bacchetta, and Banerjee [2], Cespedes, Chang and Velasco [14] (hereafter CCV), Caballero and Krisnamurthy [11], Christiano, Gust and Roldos [17], Devereux and Lane [22], and Schneider and Tornell [38].”
Capital Flows and Financial Stability: Monetary Policy and Macroprudential Responses (2011, methodology): “…range of the values used in the literature.18 The share of capital in production, η, is taken to be 0.35 consistent with other studies.19 Following Devereux et al. (2006), the elasticity of substitution between differentiated goods of the same origin, λ, is taken to be 11, implying a flexible…”
Remittances and the Dutch disease (2009, unknown): “(10) The Euler equation (8) describes the evolution of λI,t, the shadow price of a unit of capital.”
Monetary Policy in Emerging Markets (2010, background): “59 Devereux, Lane, and Xu (2006) show theoretically, advantages of targeting non-traded goods to the extent that exchange rate pass-through is high (as in section 2.1).”