New Evidence on the Puzzles. Results from Agnostic Identification on Monetary Policy and Exchange Rates.



References

[1] Alvarez, Fernando, Andrew Atekson and Patrick Kehoe (2002), ”Money,
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set Markets”, Journal of Political Economy, 110(1), 73-112.

[2] Alvarez, Fernando, Andrew Atekson and Patrick Kehoe (2003), ”Time-
Varying Risk Interest Rates and Exchange Rates in General Equilib-
rium”, Federal Reserve Bank of Minneapolis, Working Paper 627.

[3] Blanchard, Olivier, ”A Traditional Interpretation of Macroeconomic
Fluctuations,” The American Economic Review, vol. 79, no. 5 (Dec.
1989), 1146-1164.

[4] Bernanke, Ben S. and Ilian Mihov (1998), ”The Liquidity Effect and
Long-Run Neutrality”, Carnegie Rochester Conference Series on Public
Policy, 49, 1998, 149-194.

[5] Chari, V.V., Patrick J. Kehoe and Ellen McGrattan (2000), ”Can Sticky
Price Models Generate Volatile and Persistent Real Exchange Rates?”,
Federal Reserve Bank of Minneapolis, Research Department Staff Re-
port 277.

[6] Christiano, Lawrence and Martin Eichenbaum (1992), ”Identification
and the Liquidity Effect of a Monetary Policy shock”, in A. Cukierman,
Z. Hercowitz and L. Leiderman, eds. Political Economy, Growth and
Business Cycles, Cambrige MA, MIT Press.

[7] Clarida, Richard and Jordi Gali (1994), ”Sources of Real Exchange Rate
Fluctations: How Important are Nominal Shocks?”, Carnegie-Rochester
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