The Nominal-Real Volatility Trade-off and the Selection of the Exchange Rate Regime
- Autores
- Bastourre, Diego
- Año de publicación
- 2004
- Idioma
- inglés
- Tipo de recurso
- documento de conferencia
- Estado
- versión publicada
- Descripción
- This paper studies the way a rational policymaker endogenously selects the exchange rate regime. To this end, two main ideas are intensively explored: i) the exchange rate regimes are non-neutral; and it) there exists a trade-off between nominal volatility and real volatiity. Regarding the empirical evidence, it is proposed a methodology to analyze the underlying factors of the exchange rate regime choices. The central empirical result is that the policymaker desired degree of exchange rate flexibility is influenced by both nominal and real volatity. Furthermore, these empirical results are in the same line of the theoretical findings.
Facultad de Ciencias Económicas - Materia
-
Ciencias Económicas
Exchange rates
Trade-off
Volatility - Nivel de accesibilidad
- acceso abierto
- Condiciones de uso
- http://creativecommons.org/licenses/by-nc-sa/4.0/
- Repositorio
.jpg)
- Institución
- Universidad Nacional de La Plata
- OAI Identificador
- oai:sedici.unlp.edu.ar:10915/169225
Ver los metadatos del registro completo
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The Nominal-Real Volatility Trade-off and the Selection of the Exchange Rate RegimeBastourre, DiegoCiencias EconómicasExchange ratesTrade-offVolatilityThis paper studies the way a rational policymaker endogenously selects the exchange rate regime. To this end, two main ideas are intensively explored: i) the exchange rate regimes are non-neutral; and it) there exists a trade-off between nominal volatility and real volatiity. Regarding the empirical evidence, it is proposed a methodology to analyze the underlying factors of the exchange rate regime choices. The central empirical result is that the policymaker desired degree of exchange rate flexibility is influenced by both nominal and real volatity. Furthermore, these empirical results are in the same line of the theoretical findings.Facultad de Ciencias Económicas2004-11info:eu-repo/semantics/conferenceObjectinfo:eu-repo/semantics/publishedVersionObjeto de conferenciahttp://purl.org/coar/resource_type/c_5794info:ar-repo/semantics/documentoDeConferenciaapplication/pdfhttp://sedici.unlp.edu.ar/handle/10915/169225enginfo:eu-repo/semantics/altIdentifier/url/https://bd.aaep.org.ar/anales/works/works2004/BastourreThe Nominal-Real Volatility Trade-off and the Sel_2.pdfinfo:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by-nc-sa/4.0/Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)reponame:SEDICI (UNLP)instname:Universidad Nacional de La Platainstacron:UNLP2025-10-15T11:35:02Zoai:sedici.unlp.edu.ar:10915/169225Institucionalhttp://sedici.unlp.edu.ar/Universidad públicaNo correspondehttp://sedici.unlp.edu.ar/oai/snrdalira@sedici.unlp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:13292025-10-15 11:35:02.774SEDICI (UNLP) - Universidad Nacional de La Platafalse |
| dc.title.none.fl_str_mv |
The Nominal-Real Volatility Trade-off and the Selection of the Exchange Rate Regime |
| title |
The Nominal-Real Volatility Trade-off and the Selection of the Exchange Rate Regime |
| spellingShingle |
The Nominal-Real Volatility Trade-off and the Selection of the Exchange Rate Regime Bastourre, Diego Ciencias Económicas Exchange rates Trade-off Volatility |
| title_short |
The Nominal-Real Volatility Trade-off and the Selection of the Exchange Rate Regime |
| title_full |
The Nominal-Real Volatility Trade-off and the Selection of the Exchange Rate Regime |
| title_fullStr |
The Nominal-Real Volatility Trade-off and the Selection of the Exchange Rate Regime |
| title_full_unstemmed |
The Nominal-Real Volatility Trade-off and the Selection of the Exchange Rate Regime |
| title_sort |
The Nominal-Real Volatility Trade-off and the Selection of the Exchange Rate Regime |
| dc.creator.none.fl_str_mv |
Bastourre, Diego |
| author |
Bastourre, Diego |
| author_facet |
Bastourre, Diego |
| author_role |
author |
| dc.subject.none.fl_str_mv |
Ciencias Económicas Exchange rates Trade-off Volatility |
| topic |
Ciencias Económicas Exchange rates Trade-off Volatility |
| dc.description.none.fl_txt_mv |
This paper studies the way a rational policymaker endogenously selects the exchange rate regime. To this end, two main ideas are intensively explored: i) the exchange rate regimes are non-neutral; and it) there exists a trade-off between nominal volatility and real volatiity. Regarding the empirical evidence, it is proposed a methodology to analyze the underlying factors of the exchange rate regime choices. The central empirical result is that the policymaker desired degree of exchange rate flexibility is influenced by both nominal and real volatity. Furthermore, these empirical results are in the same line of the theoretical findings. Facultad de Ciencias Económicas |
| description |
This paper studies the way a rational policymaker endogenously selects the exchange rate regime. To this end, two main ideas are intensively explored: i) the exchange rate regimes are non-neutral; and it) there exists a trade-off between nominal volatility and real volatiity. Regarding the empirical evidence, it is proposed a methodology to analyze the underlying factors of the exchange rate regime choices. The central empirical result is that the policymaker desired degree of exchange rate flexibility is influenced by both nominal and real volatity. Furthermore, these empirical results are in the same line of the theoretical findings. |
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2004 |
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2004-11 |
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info:eu-repo/semantics/conferenceObject info:eu-repo/semantics/publishedVersion Objeto de conferencia http://purl.org/coar/resource_type/c_5794 info:ar-repo/semantics/documentoDeConferencia |
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eng |
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