This paper studies the role of exchange rate regimes in shaping the distributional effects of
external monetary shocks. I model a small open economy where agents differ in wealth and …

This study analyses Granger-causality between the return series of CPI and PPI (ie, inflation
measured by CPI and PPI) for Romania, by using monthly data covering the period of …

A DSGE model is used to examine whether including the exchange rate in the central bank's
policy rule can improve economic performance. Smoothing the exchange rate helps both …

This paper explores the role of exchange rates in emerging economies with inflation-
targeting regimes, an issue that has become especially germane during the current episode …

This paper aims to complete our understanding of the relationship between changes in
nominal effective exchange rates and prices in the new EU member states. I investigate the …

This study applies a non-linear threshold unit-root test to test the validity of purchasing
power parity (PPP) to assess the non-stationary properties of the convergence of real …

This paper uses a DSGE model to examine whether including the exchange rate explicitly in
the central bank's policy reaction function can improve macroeconomic performance. It is …

The paper explores all six emerging European countries that target inflation, showing that a
discrete choice model captures well the behavior of their central banks, both their monetary …

Based on the argument that monetary policy credibility can reduce the fear of floating, we
analyze this hypothesis for a set of 47 countries (of which, 32 are developing countries, 26 …

After introduction of Euro since January 2009 the Slovak Republic does not perform its
independent monetary policy but is affected by the Euro area policy including common …