A natural inference is that the inflexibility of the nominal exchange rate prevents timely external adjustment until large imbalances build up, precipitating a crisis. While this argument seems ...

The following paper draws on material originally contained in IMF Working Paper 95/121, "Does the Nominal Exchange Rate Regime Matter?" by Atish R. Ghosh, Anne-Marie Gulde, Johathan D. Ostry, and ...

The nominal exchange rate is the price of buying one unit of foreign currency in terms of domestic currency. The way in which the nominal exchange rate changes depends both on the demand-supply ...

1 Read more about CEER in our staff discussion paper, “A New Measure of the Canadian Effective Exchange Rate.” CEER is constructed on a nominal and real basis for four measures to assess the evolution ...

Citations: Rebelo, Sergio, Benjamin Johannsen, Martin Eichenbaum. 2021. Monetary Policy and the Predictability of Nominal Exchange Rates. Review of Economic Studies. (1)192-228..

Calculating the Nominal and Real Effective Exchange Rates of the Yen on an Industry-specific and Daily Basis -- What motivated you to study industry-specific effective exchange rates? SHIMIZU: Our ...