Equilibrium Exchange Rates and Supply-side Performance

By Gianluca Benigno, Christoph Thoenissen. 2003

190 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/db7eea1a97d2352bfaf056405d83a90d3ea69756

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

Citations in the corpus

Consumption and Real Exchange Rates With Incomplete Markets and Non-Traded Goods (2008, unknown): “)R̂ t (26) As in Benigno and Thoenissen (2003), we can decompose movements in the real exchange rate into two channels: the home-bias channel, (v v )T̂t where T̂ represents the terms of trade (i.e. the relative price of foreign to home-produced traded goods) in deviation from its steady-state value…”
Real Exchange Rates in Developing Countries: Are Balassa-Samuelson Effects Present? (2004, unknown): “Benigno and Theonissen (2002), however, do use a new open economy macroeconomic model to explore the effect of a productivity improvement in the traded good sector on the United Kingdom real exchange rate. produced in both home and foreign countries.”
Dutch Disease Scare in Kazakhstan: Is it real? (2008, background): “…can cause the real exchange rate of the open sector to depreciate through the terms-of-trade channel (have an effect on the real exchange rate not only through nontradable prices but also through tradable prices (see e.g. MacDonald and Ricci, 2002; Benigno and Thoenissen, 2003; and Unayama, 2003).”
Equilibrium Exchange Rates in Transition Economies: Taking Stock of the Issues (2006, unknown): “These effects can be demonstrated in a simple accounting framework employed, for instance, in Benigno and Thoenissen (2003) and Lee and Tang (2003).”
Real Exchange Rates in Small Open OECD and Transition Economies: Comparing Apples with Oranges? (2006, background): “…of general equilibrium models with imperfect substitutability and product variety à la Dixit and Stiglitz (1977), MacDonald and Ricci (2002), Benigno and Thoenissen (2003) and Unayama (2003) show that an increase in productivity n he tradable sector (and in variety) leads to a depreciation…”
The U.S. current account deficit and the expected share of world output (2006, unknown): “This matches the assumption in Obstfeld and Rogoff (2004, 2005), and Benigno and Thoenissen (2003).”
Price Stability with Imperfect Financial Integration (2001, unknown): “UC(Ct, ξC,t) = (1 + it)βEt ( UC(Ct+1, ξC,t+1) Pt Pt+1 ) , (6)”
Structural Reforms and Macroeconomic Performance in the Euro Area Countries: A Model-Based Assessment (2011, methodology): “…competition in the product and labor market using a closed economy dynamic general equilibrium model parameterized to fit the euro area and the US, respectively.6 Benigno and Thoenissen (2003) assess the implications of market reforms for the case of the UK calibrating a two-country DSGE model.”